The Winter Sun   January 4, 2014

Well, I haven't posted for a bit.  With the holidays & then the hibernation, caused by the polar vortex, I was out of blogging until the January thaw hit.  But we all are back at it & while last week's sales were soft, due to the week long holiday for New Year's that many people took, I feel that 2014 will be a good year.  As I continue to tell people that ask, I am "cautiously optimistic".  Barring no major bad economic news or world events, I believe that the real estate market will continue to improve slowly in the Twin Cities.  I don't foresee a quick uptick in real estate prices, but rather a slow, steady improvement.   Have a Happy & Healthy 2014!
Below is the latest from Mpls Area Association of Realtors.

It's the time of year when housing statistics take a back seat to the resolve associated with a fresh calendar year. Diligent tracking of new listings and pending sales counts tends to give way to weight loss plans and personal financial planning. And you know what? That's just great! Spending some time focusing on self just may help make 2014 a banner year to match 2013. But if you want to take a quick glance, the data is here for your perusal. Here's to another great year! In the Twin Cities region, for the week ending January 4: • New Listings decreased 18.7% to 678 • Pending Sales decreased 12.4% to 507 • Inventory decreased 4.9% to 12,368  For the month of December: • Median Sales Price increased 13.7% to $191,000 • Days on Market decreased 20.4% to 86 • Percent of Original List Price Received increased 0.9% to 94.6%  • Months Supply of Inventory decreased 15.6% to 2.7