Weekly Market Activity Report
For Week Ending September 14, 2013
Publish Date: September 23, 2013 • All comparisons are to 2012
For several weeks, markets across the country have seen consistent gains in sales, prices and percent of list price received at sale. Things like steadily low rates, less lender-mediated inventory and increased consumer confidence are all helping this reality. Each and every week reveals signs of a recovered market that are going from temporary yard sign to permanent road sign. Here’s to hoping for prosperous signs on the road ahead.
In the Twin Cities region, for the week ending September 14:
• New Listings increased 19.5% to 1,625
• Pending Sales increased 8.3% to 1,006
• Inventory decreased 8.0% to 16,095
For the month of August:
• Median Sales Price increased 16.9% to $207,900
• Days on Market decreased 34.0% to 70
• Percent of Original List Price Received increased 2.0% to 97.0%
• Months Supply of Inventory decreased 18.2% to 3.6
This post was contributed by a community member. The views expressed here are the author's own.
The views expressed in this post are the author's own. Want to post on Patch?
