The usually sproingy spring market is slowly slipping back into place after a few years of squish. Pending sales continue to outpace weekly year-over-year figures. The 1,122 purchase agreements signed during the week ending April 3 were 11.8 percent above last year
Active listings have slowly risen all year and now have surpassed where the market stood at this point last year by half a percentage point.
Two other new values to take a look at this week:
Days on Market Until Sale has dropped to its lowest point in years. It now takes an average of 130 days to get a house sold in the Twin Cities.
Percentage of Original List Price Received at Sale is moving in the opposite direction, rising 2.7 percent over last year. This should motivate sellers as we warm through spring and summer.
From the Minneapolis Association of Realtors
Labels: market update, minneapolis market, minnesota real estate
# posted by
Tara O'Brien @ 11:17 PM
