Here's the latest scoop from the Mpls Area Association of Realtors.  Despite the weather, there is some good news out there.
 



The unpredictable season of spring is here. Wily snowstorms, thunderous rain and summer-like heat waves strike across the U.S. It's a good thing we can count on at least one thing – a steadily improving housing market. Even the few naysayers left can't ignore the cherry blossom blooms within the market metrics.  So get out your umbrella, sunscreen and snow boots because, no matter the weather, we are watching a burgeoning market take form. With scarf, shorts and galoshes on, let's wade into this week's local housing stats.
 

In the Twin Cities region, for the week ending April 6:

• New Listings increased 22.6% to 1,731

• Pending Sales increased 17.1% to 1,158

• Inventory decreased 30.1% to 12,821

 

For the month of March:

• Median Sales Price increased 18.0% to $176,840

• Days on Market decreased 24.3% to 109

• Percent of Original List Price Received increased 3.1% to 95.0%

• Months Supply of Inventory decreased 38.0% to 3.1

The inventory levels are creeping up a little, but they are still low, especially for a spring market.  Properties are moving fast again, so if you are considering listing, this is the best time to list in probably the last 5 years.  Give me a call. Here's the latest from the Mpls Area Association of Realtors.  Oh, & I thought you might enjoy a little WI greenery from last summer. 

No one knows how accurate that February groundhog is, but by this time of yeareveryone is screaming of cabin fever. The spring market is in full swing, so keep your eyes on the price and your mobile device in hand.  Prepare yourself for seeing even more buyers buying, more sellers selling and lots of attention being given to the need for new inventory.  Will you like what you see?  Well, let's take a look.  Here's the lowdonw on your local market.
 

In the Twin Cities region, for the week ending March 23:

• New Listings increased 2.8% to 1,453

• Pending Sales increased 11.9% to 1,116
• Inventory decreased 29.8% to 12,779