The first week in December this year was filled with Black Friday and Cyber Monday deals – this means more people were clamoring in line at 2:00 a.m. waiting for a Suzie-Talks-A-Lot than were attending open houses. Seasonal trends should be evident in a slight market slowdown, but year-over-year comparisons will still brighten any burgeoning bah-humbuggers.
In the Twin Cities region, for the week ending December 7:
• New Listings decreased 5.7% to 887
• Pending Sales increased 0.9% to 751
• Inventory decreased 5.6% to 14,043
For the month of November:
• Median Sales Price increased 13.4% to $195,000
• Days on Market decreased 26.5% to 75
• Percent of Original List Price Received increased 1.3% to 95.4%
• Months Supply of Inventory decreased 11.1% to 3.2
Source: Minneapolis Area Association of Realtors
No comments:
Post a Comment