For Week Ending July 14, 2012 – read the news from the Minneapolis Area Association of REALTORS:
For the first time since 2005, housing is on track for being a net positive contributor to national GDP in 2012. Throw in some real price gains, and you can expect holdout buyers to be less afraid of buying and sellers to be less afraid of listing.
The numbers below really show the story.
In the Twin Cities region, for the week ending July 14:
o New Listings increased 6.2% to 1,536
o Pending Sales increased 13.4% to 1,125
o Inventory decreased 30.7% to 17,188
For the month of June:
o Median Sales Price increased 10.4% to $179,000
o Days on Market decreased 21.9% to 113
o Percent of Original List Price Received increased 4.1% to 95.1%
o Months Supply of Inventory decreased 43.3% to 4.5
With these facts, are you rethinking buying or selling – how can we help?