Twin Cities Weekly Market Activity Report - WE 1/11Housing activity for the week ending January 2, 2010 took a
predictable surge upward following the holiday break. New listings rose
to 688 for the week—down 37.3 percent from a year ago—while
pending sales posted a number of 378—down 11.7 percent from a
year ago. We will likely have to wait another week for all the holidays
and frosty weather to get flushed from our year-over-year
comparisons to get a full understanding of where our market is
headed.
A few additional stats for the New Year:
Housing Affordability continues at historic levels: rising to 208
A few additional stats for the New Year:
Housing Affordability continues at historic levels: rising to 208
for January, an 8.3 percent increase from the previous year and a
good sign for buyers in the year to come.
The Months’ Supply of Inventory is back in balanced market
The Months’ Supply of Inventory is back in balanced market
territory at 5.0 months. This is a dramatic 34.2 percent under the
supply at the beginning of last year.
With a balancing supply and demand and the possibility of rising
interest rates on the horizon, this is a unique opportunity time for
With a balancing supply and demand and the possibility of rising
interest rates on the horizon, this is a unique opportunity time for
Twin Cities' home buyers. Provided by MAAR
