Tara O'Brien's Minneapolis Real Estate Update: Weekly Market Update for February 8, 2010

Tara O'Brien's Minneapolis Real Estate Update: Weekly Market Update for February 8, 2010

Minneapolis Condos and Minneapolis Real Estate | Tara O'Brien
Tara O'Brien's Minneapolis Real Estate Update


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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.
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# posted by Tara O'Brien @ 9:46 PM


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Minneapolis Condos and Minneapolis Real Estate | Tara O'Brien
About Tara O'Brien's Minneapolis Condos, MN Real Estate Website: The www.taraobrien.com web site provides Greater Minneapolis communities of Downtown Central, Calhoun-Isles, Camden Community, Longfellow, Near North, Nokomis, Northeast, Phillips, Powderhorn, Southwest and University Community, Minnesota real estate information and resources to guide homeowners, homebuyers and real estate investors through the process of selling and buying a house, condo or other realty property in the Minneapolis Condos area. Tara O'Brien (Sometimes spelled as Tara, Tera, OBrien, O'Brian, or Obrian) has services to help you get the best value for your Minneapolis Condos home and this website offers home buyers and home sellers a superior comparative market analysis (CMA), a way to view real estate and MLS IDX listings including virtual tours, prepare your home for sale, and more. Investors looking for real estate investment properties to invest in need look no farther. Anyone selling a home, buying a home or seeking housing can learn more about our realty services, and will appreciate working with a  Minneapolis Condos REALTOR who knows  the area so well. Through trusted partners, we also provide real estate and financial services to consumers looking for houses for sale or selling their home in Minneapolis Condos, MN, such as mortgages, credit history, new homes, foreclosures and other services. If you've already tried to go the for sale by owner (FSBO) route and find you are needing a partner who you can trust in the sale of your most precious asset, Tara O'Brien can take care of your special needs. It really doesn't matter if you spell it REALTOR, Realator or Realter, realty, realety or reality, real estate or realestate, Tara speaks  your language.
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