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Weekly Housing Market Activity Report

As expected, spring's warming glow continues to fuel optimism and consumer activity. But that won't necessarily be the case in every area.

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

Click Here to View Full Weekly Activity Report

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

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

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