Weekly Housing Market Activity Report

Job growth, low mortgage rates, rising rents and a relatively inexpensive
housing stock. These are just some of the playful teases in the burlesque revue
that is today's market recovery. Another week passed with buyers displaying no
signs of slowing down. In general, sellers are discovering a less-intimidating
scene, and buyers are reveling in the showy marketplace. As expected, spring's
warming glow continues to fuel optimism and consumer activity. But that won't
necessarily be the case in every area or segment, so do your research before
making that move.

In the Twin Cities region, for the week ending April 14:

• New listings decreased 9.5 percent to 1,637
• Pending sales increased 25.5 percent to 1,170
• Inventory decreased 27.8 percent to 17,384

For the month of March:

• Median Sales Price increased 7.1 percent to $149,900
• Days on Market decreased 9.6 percent to 145
• Percent of Original List Price Received increased 3.8 percent to 92.1 percent
• Months Supply of Inventory decreased 38.0 percent to 4.7

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(Information brought to us by Minneapolis Area Association of Realtors)