Sellers are beginning to put their homes on the market again. New listings rose over 20% from last year. We also have far fewer short sale listings and foreclosure listings. This means that the number of traditional seller new listings increased 55% over last year. We have a 17% increase of the number of closed […]

Sellers are beginning to put their homes on the market again. New listings rose over 20% from last year. We also have far fewer short sale listings and foreclosure listings. But even with the increase in traditional sellers, we are still far from a balanced market. We are still in short supply of homes for […]

June 2013 is setting records. Pending sales (houses that have gone under contract) is at the ihghest in 8 years. The number of signed purchase agreements rose more than 18%!! This is good news for sellers, and they have responded. We've had an increase of homes going on the market, but the buyers are snatching […]

Last month I wrote that the housing market was the same as the previous month. Well, it still holds true this month as well. Median sales price for April is up 12% on more traditional sellers, and less distressed properties. The market still remains a sellers market, with not enough inventory, and a flurry of […]

March of 2013 is turning out to be the same as February 2013. Here's what I wrote last month, and everything is still the same this month. The only item I have to add is that the price gain over last year is 17%. The market still remains a sellers market, with not enough inventory, […]

The market still remains a sellers market, with not enough inventory, and a flurry of buyers trying to get homes. 75% of the homes that I have written offers on have been in multiple offers, from as few as 3 offers per home to 14 offers on one particular home. The entry-level price point is […]

I am providing a brief summary of what's going on in the Twin Cities housing market. We had record number of buyers out purchasing homes in January 2013 with 13% more houses being sold! That is an 8 year high. That being said, inventory is also down. There are 32% less homes available for sale […]

The monthly numbers are looking good. We have a better housing supply with less foreclosures and short sales on the market. Buyers have purchased in record numbers, putting us back to 2006 in terms of volume.  We are clearly in a sellers market with 2.9 months supply. But buyers are still winners since prices are […]

The brief summary can be contained here in this post. If you want a more detailed summary, you can download the PDF report. Inventory The inventory dropped for a number of factors. The number of sales increased by 17% in volume, while the banks still have shadow inventory, albeit, not as much as before. Banks […]

The month of December has been a highly active month. 3587 purchase agreements were written, which is up 12.6% over December 2011. Inventory is down 29%!! This is huge, marking a 10 year low. Banks are listing less homes. Home prices have been going up, by 16%! This represents a median price of $173,000. 3.4 […]