Weekly Market Activity Report
For Week Ending July 6, 2013Publish Date: July 15, 2013 • All comparisons are to 2012
Wall Streeters in resplendent suits talk of vintage loans, quantitative easing and Fair Housing Finance Agency policy. Economic subtext might work at a mo’ money mixer, but the on-the-go real estate consumer can get by on Econ 101. Supply is down, demand is up and price tides are rise, rise, rising. Our barge carries mostly good news for agents and sellers, while buyers still have plenty of room to grow into an affordable new home.In the Twin Cities region, for the week ending July 6:
• New Listings increased 14.3% to 1,105
• Pending Sales increased 5.7% to 912
• Inventory decreased 16.4% to 15,249
For the month of June:
• Median Sales Price increased 17.5% to $210,000
• Days on Market decreased 34.5% to 74
• Percent of Original List Price Received increased 2.5% to 97.5%
• Months Supply of Inventory decreased 27.1% to 3.5
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