Monday, February 08, 2010
Weekly Market Update for February 8, 2010
As winter continues its streak of cold and snow, sales activity in the Twin Cities housing market is moving along at a pace you'd expect for the season and at about the same pace as a year ago. Pending sales for the week ending January 30 came in at 650, down very slightly from the mark of 673 seen during the same week last year. Over the last three months, there have been 7,038 signed purchase agreements, up a sliver-sized 0.7 percent from a year ago. Despite the tax credit being made available to current homeowners, new listing activity has yet to show any noticeable jump. The 1,584 new listings for the most recent reporting week represent a dip of 3.1 percent from a year ago. Total inventory of available homes is still down from last year by 16.5 percent. In related news, Days on Market Until Sale is still dropping while the Percent of Original List Price Received at Sale is still growing. While that's good news on both fronts for home sellers in general, different price points and neighborhoods are experiencing dramatically different market conditions. Minneapolis condos, downtown minneapolis condos, minneapolis lofts, Uptown, Warehouse District, 710 Lofts, Washburn, Stone Arch, North Star Lofts, Whitney, Zenith, Bridgewater, Cobalt, Carlyle, Falls Pinnacle, Flour Sack Flats, Phoenix on the River, Larive, River West, St Anthony, Grant Park, Eat Street Flats, 720 lofts, Bookman Stacks, Skyscape, Bridgewater, Zenith, Itasca, IMS Lofts, Chicago Lofts, Edgewater, Lumen on Lagoon, Tower Lofts, Harvester Lofts, 730 Lofts, North Star Lofts, Whitney Lofts, Stone Arch Lofts, Washburn Lofts, Bridgewater, 5th Ave Lofts, Rock Island Lofts, Condo, Loft, Mill District, North Loop, Warehouse District, Elliot Park, Loring Park, St Anthony Main, Northeast, River, City, Downtown, Minneapolis, The Claridge, East River Mews, M Flats, U Flats, 1300 on the Park, Condos on Blaisdell, Condos at Lake Harriet, Arches at Arts Row House, The Greenhouse Condos, CityView Condos, Uptown Condos, Cheslakee Parkview Condos, Bremer Way, Harriet Hills Condos, Lake Nokomis North, The Historic Bremer, 2615 Park Ave, 2532 1st Ave, Aldrich Square Condos, LakeWest condos, University Flats, Marwood Condos, Standish Green, Calhoun Gardens, 3310 Nicollet Condos, West Lake Harriet Condos, Minnehaha Square, Dupont Plaza, Harriet Place Condos, In Town on Lake, 1225 LaSalle, Portico, The Bellevue, The Groveland, The Kenosha, The Wellington, Lumen on Lagoon, Midtown Lofts, The Edgewater, Calhoun Isles, Calhoun Place, Excelsior and Grand, Lake Harriet Condos, Lake Point, Loop Calhoun, 1926 Pleasant, 3rd Avenue Place Phase I, 3rd Avenue Place Phase II, 2626 West Lake, Calhoun Ambassador, Track 29, The Zenith, Greenway Townhomes, Durkee Atwood Lofts, Dartmouth Place Townhomes, River Park Townhomes, Rivermill Townhomes Southeast, Rivertower, St Paul Condos, University Place, Whitney Square, 3310 Nicollet, 3636 Grand, 42nd Street Lofts, 4309 Bryant, 46th & 46th, East Harriet Flats, Arthur Place, Arts Quarters Lofts, Bloomington Central Station, Brookside Lofts, Cedar 28, Corridor Flats, Eat Street Flats, Franklin Lofts,
# posted by Tara O'Brien @ 9:46 PM
|