Twin Cities Real Estate Home Sales

Twin Cities Real Estate Home Sales October 15, 2012

Twin Cities Real Estate Home Sales October 15, 2012

In between days. The spring and summer selling seasons are well behind us, and the holiday slowdown is well ahead of us (except in some department stores). As the days grow shorter, housing numbers may not be as thrilling as they were in recent months, but the trends remain the same. Compared to last year, home sales are regularly up and inventory figures are down, including months of supply. Sales and prices will surely drop, but there is reason for optimism through the end of the year, providing a cure to several years of little to hold on to.

In the Twin Cities region, for the week ending October 6:

Minneapolis St Paul Home Sales

Months Supply of Homes Inventory in the Twin Cities Area

• New Listings increased 2.8% to 1,301
• Pending Sales increased 33.5% to 1,049
• Inventory decreased 28.6% to 16,113

For the month of September:

• Median Sales Price increased 12.6% to $174,500
• Days on Market decreased 28.5% to 101
• Percent of Original List Price Received increased 4.0% to 94.8%
• Months Supply of Inventory decreased 40.1% to 4.0

 

Sheryl Petrashek
[email protected]

Sheryl Petrashek is a Realtor with Re/max Results. She is based in Apple Valley and Sells Real Estate in Apple Valley, Burnsville, Eagan, Lakeville, Farmington, Prior Lake, Savage and Rosemount MN.



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