Tuesday, October 30, 2012



Mpls Area Association of Realtors
Weekly Market Activity Report 
The housing market is improving. But don't take our word for it. CoreLogic, Standard
Poor's, FHFA and the NAHB all closely monitor a diverse array of housing data and
indicators. At some point over the past six months, every single one of these indices
has either reached a multi-year high or has shown several consecutive months of im-
provements. Does that mean every home in every neighborhood in every city across
America is worth more today than it was a year ago? Of course not. But you'd be sur-
prised just how robust this recovery is. Go ahead, dig into the numbers & see for yourself.
In the Twin Cities region, for the week ending October 20: 
• New Listings increased 0.6% to 1,110 
• Pending Sales increased 33.3% to 1,012 
• Inventory decreased 28.5% to 15,903
For the month of September:
• Median Sales Price increased 12.8% to $174,813
• Days on Market decreased 28.5% to 101
 Percent of Original List Price Received increased 4.0% to 94.8%
• Months Supply of Inventory decreased 39.2% to 4.1

Monday, October 22, 2012

Here's a quick interesting article about "Black Monday" which occurred 25 years ago last week.  The Dow closed at 1738.74 that day. 
NPR; 25 years since Black Monday