Take a minute or two (literally) and check out "The Skinny" on the Twin Cities Real Estate Market, published by Mpls Area Association of Realtors. Current Inventory levels are still low @ 18,011, but they are creeping upward towards a more balanced market.
Tuesday, July 29, 2014
Wednesday, July 23, 2014
Cool Black Doors
Check out the link to the right. Who would've thought that painting an interior door black would be cool. I did have a black front door on my first townhouse that I always liked, but interior doors??? Check out the pics & the link.
Here's the latest from the Mpls Area Association of Realtors;
We are within one of the most affordable home-buying environments in history, but prices are up and rates may well go up, too. Rising prices provide empirical evidence of healthy demand. If inventory is able to replenish itself over the course of the next several months, sales could break up the sluggishness seen in some markets. There are those who believe that millennial buyers are being seduced away from homeownership by the agility of urban renting. That doesn't appear to be the case. Housing is enjoying brisk activity, and people are talking positively about residential real estate again.
In the Twin Cities region, for the week ending July 12:
• New Listings increased 8.7% to 2,091
• Pending Sales decreased 8.4% to 1,231
• Inventory increased 7.8% to 17,606
For the month of June:
• Median Sales Price increased 4.7% to $219,900
• Days on Market decreased 6.8% to 69
• Percent of Original List Price Received decreased 0.3% to 97.2%
• Months Supply of Inventory increased 10.5% to 4.2
Here's the latest from the Mpls Area Association of Realtors;
We are within one of the most affordable home-buying environments in history, but prices are up and rates may well go up, too. Rising prices provide empirical evidence of healthy demand. If inventory is able to replenish itself over the course of the next several months, sales could break up the sluggishness seen in some markets. There are those who believe that millennial buyers are being seduced away from homeownership by the agility of urban renting. That doesn't appear to be the case. Housing is enjoying brisk activity, and people are talking positively about residential real estate again.
In the Twin Cities region, for the week ending July 12:
• New Listings increased 8.7% to 2,091
• Pending Sales decreased 8.4% to 1,231
• Inventory increased 7.8% to 17,606
For the month of June:
• Median Sales Price increased 4.7% to $219,900
• Days on Market decreased 6.8% to 69
• Percent of Original List Price Received decreased 0.3% to 97.2%
• Months Supply of Inventory increased 10.5% to 4.2
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