More good news.  Check out this Press Release from the Mpls Area Association of Realtors.

Twelve Consecutive Months of Price Gains
Minneapolis, Minnesota (March 12, 2013)
Twin Cities homes sold for a higher median price than during the year prior for the 12th consecutive month. This is a significant milestone demonstrating a real and sustainable recovery. Several patterns continued from 2012: pending purchase activity was up, new and existing supply levels were down, prices were higher and distressed market activity eased.

Continue reading in the following link;  Mpls Realtor; Twelve Consecutive Months of Price Gain

The market is definitely heating up.  3 of my listings sold in the last month - one went into multiple offers.  The key to a successful sale is price & condition.  I have been telling people that I am cautiously optimistic about the real estate market.  Barring no bad economic news, I expect the market to continue on it's recovery.  Inventory in the Metro is way down - it decreased 31% to 12,371. That's unheard of.  If you are on the fence about selling, NOW IS THE TIME!!! 



Weekly Market Update

Here's the latest in good news for the Twin Cities Real Estate Market. The Minneapolis Area Association of Realtors compiled this info for the entire metro area. Inventory levels are Down, Down, Down, which is Great News for Sellers.

You can have data without information,  but you cannot have information without data.  In real estate, numbers aren't just numbers.  Numbers tell consumers how much house they can afford.  Numbers tell agents whether their customers are buying in appreciating or depreciating communities.  Numbers forewarn against bubble inflation.  They also offer insight into which way the pendulum is swinging:  toward buyers or sellers.  Numbers have a calming way of removing uncertainty from decisions.  Let's examine our most recent set of numbers.

In the Twin Cities region, for the week ending January 26:

• New Listings decreased 4.9% to 1,038
• Pending Sales increased 3.1% to 800
• Inventory decreased 31.4% to 12,245

For the month of December:

• Median Sales Price increased 15.9% to $168,000
• Days on Market decreased 23.4% to 108
• Percent of Original List Price Received increased 3.5% to 93.8%
• Months Supply of Inventory decreased 40.0% to 3.0

Monthly Skinny: January 2013

Here's the latest "Skinny" from the Mpls Area Association of Realtors with some good news. The least of which, the yearly median sales price increased 11.9% over last year. Take a watch & see how the market is starting it's recovery.

Here's an article from Yahoo.com to help anyone save some green.  Click on the link to check it out.
Refinance Your Mortgage to Save

Here's some excellent news on this Recap of 2012 by Mpls Area Association of Realtors.  Looks like 2013 will start strong

 

2012 Annual Wrap-Up: Real Market Recovery Takes Hold

Minneapolis, Minnesota (January 11, 2013) –Decreased supply, strong demand and higher prices are among the encouraging developments in 2012 that make the case for continued recovery in 2013. Consumer purchase demand increased organically, absent any government incentives. As the active supply of homes for sale fell to 10-year lows, absorption rates improved to levels also not seen since 2003. Multi-decade low interest rates and record housing affordability resulted in a 16.9 percent increase in home sales for the 13-county metro.

2012 by the Numbers
• Sellers listed 65,914 new homes on the market, a modest 4.3 percent decrease from 2011 and a 10-year low.
• Buyers purchased 48,641 homes, up 16.9 percent from 2011 and the highest figure since 2006 (783 units shy).
• Inventory levels dropped 31.8 percent from 2011 to 11,875 units, the lowest level in 10 years.
• Months Supply of Inventory dropped 42.2 percent to 2.9 months.
• The Median Sales Price of closed sales was up, rising 11.9 percent to $167,900.
• Cumulative Days on Market was down 20.6 percent to 117 days, on average.
• Lender-mediated properties made up a smaller share of overall activity
• 34.6 percent of all New Listings were lender-mediated (either foreclosures or short sales), down from 41.9 percent in 2011 and 42.6 percent in 2010
• 37.3 percent of all Inventory was lender-mediated, down from 44.4 percent in 2011 and 47.4 percent in 2010
• 39.7 percent of all Closed Sales were lender-mediated, down from 50.0 percent in 2011 and 47.9 percent in 2010

Here's some good news about Foreclosure Inventory from Certified Residential Specialist Connect.

The inventory of foreclosed homes continues to shrink, according to the latest figures released by Core Logic. Some 1.2 million homes, representing 3.0 percent of all homes with a mortgage, were in the national foreclosure inventory at the end of November, down from 1.5 million homes that were in foreclosure in November 2011. Some 55,000 U.S. properties completed the foreclosure process in November, down 23 percent from a year ago when foreclosures totaled 72,000, and they declined 6 percent from the 59,000 foreclosures in October.
California, Florida, Michigan, Texas and Georgia had the highest number of completed foreclosures for the 12 months ending November 2012 and collectively, they accounted for half of all foreclosures nationwide. The states with the largest inventory of foreclosures as a percentage of all mortgaged homes were Florida, New Jersey, New York, Nevada and Illinois.
By Regina Ludes, Friday, 4 January 2013 - 2:46pm