Weekly Westonka Real Estate Report

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In the Twin Cities region, for the week ending July 6:

• New Listings increased 14.3% to 1,105

• Pending Sales increased 5.7% to 912

• Inventory decreased 16.4% to 15,249

For the month of June:

• Median Sales Price increased 17.5% to $210,000

• Days on Market decreased 34.5% to 74

• Percent of Original List Price Received increased 2.5% to 97.5%

• Month’s Supply of Inventory decreased 27.1% to 3.5

You may also find it useful to explore MAAR's interactive market analytics tool, The Thing, and read MAAR's blog, The Skinny.

Ever wonder if Don knows what he’s talking about?

Don’s Most Recent Client Reviews

2013 Readers’ Choice Selection {pg. 10}

07/15/13:

Twin Cities home price hits highest level since 2007 (update)

Fed aims to ensure U.S. housing recovery

Survey: 57.5% of Housing Units in U.S. Are Owner-Occupied

Basement Moisture Protections

07/8/13:

National Home Prices in May Increase 12.2% from Year Ago

Report Projects Above-Normal Price Growth, Strong Metro Area Gains

Expectation for Rates to Rise Spikes in Fannie Mae Survey

07/1/13:

A Growing Number of Markets Are 'Fully Recovered'

06/24/13:

RE/MAX Reports Double-Digit Yearly Gains in Sales, Prices in May

Homebuilder confidence rises to seven-year high

New Online Freddie Mac Tool Helps Homeowners Navigate Relief Options

Open houses scheduled on Southwest LRT station locations

06/17/13:

Rising home prices lure sellers back to the market

Tuesday, June 18, 2013

Twin Cities Market Capsule For Week Ended June 8

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Sellers are finally starting to catch up with strong buyer demand, but at the rate that homes are being snatched up, the influx of new listings will need to be more than a short-term addition. Rising home prices, fewer days on market and more homes being sold all support a positive public opinion about real estate. The following local stats should shed invaluable quantitative support for that warm fuzzy feeling residential real estate is handing out.

In the Twin Cities region, for the weekending June 8:

•New Listings increased 23.2% to 1,951

•Pending Sales increased 12.0% to 1329

•Inventory decreased 21.7% to 14,569

For the month of May:

•Median Sales Price increased 14.8% to $194,000

•Days on Market decreased 29.8% to 87

•Percent of Original List Price Received increased 2.5% to 97.0%

•Month’s Supply of Inventory decreased 30.6% to 3.4

You may also find it useful to explore MAAR's interactive market analytics tool, The Thing, and read MAAR's blog, The Skinny.

Ever wonder if Don knows what he’s talking about?

Don’s Most Recent Client Reviews

2013 Readers’ Choice Selection {pg. 10}

06/17/13:

Rising home prices lure sellers back to the market

Thursday, June 13, 2013

May Real Estate Stats For All Westonka Communities

Minnetrista Stats

Mound Stats

Orono Stats

Independence Stats

Cumulative Lake Minnetonka Area

Wednesday, June 12, 2013

Minnetrista Stats Slide For April

Monday, June 10, 2013

Twin Cities Market Capsule For Week Ended June 1

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Interest rates are on the rise, but further increases should be incremental and gradual without harming housing demand. All the same, some buyers might feel an extra pinch to act soon if economic and jobs data continues on a path of improvement. Ultra-low rates will not remain the rule of the day if the economy gives the Fed no reason to maintain its quantitative easing (money printing) stimulus policies.

In the Twin Cities region, for the week ending June 1:

• New Listings increased 23.6% to 1,7913

• Pending Sales increased 22.8% to 1180

• Inventory decreased 23.1% to 14,349

For the month of May:

• Median Sales Price increased 15.1% to $194,450

• Days on Market decreased 29.8% to 87

• Percent of Original List Price Received increased 2.5% to 97.0%

• Month’s Supply of Inventory decreased 30.6% to 3.4

You may also find it useful to explore MAAR's interactive market analytics tool, The Thing, and read MAAR's blog, The Skinny.

Ever wonder if Don knows what he’s talking about?

Don’s Most Recent Client Reviews

2013 Readers’ Choice Selection {pg. 10}

06/10/13:

CoreLogic: Home Prices Post 12.1% Annual Gain in April

Lakeshore Property Issues

Complete 2012 Twin Cities Housing Report {Re-post}

Survey: Features Generation Y Homebuyers Favor

Freddie Mac: Fixed Rates Soar to Highest Level in a Year

Thursday, June 6, 2013

Twin Cities Market Capsule For Week Ended May 25

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Although buyers are still in the market for higher inventory levels, sellers remain happy with their multiple-offer situations and short days on the market. As the product mix shifts away from distressed properties and towards traditional sellers, the U.S. housing market finds itself in a place it hasn’t been in a while – healthfully competitive. Pocket listings and shadow inventory provide something for the media to talk about, but for now, the market seems strong enough to hold up to any casual cannon fodder aimed its way.

In the Twin Cities region, for the week ending May 25:

• New Listings increased 29.8% to 1,799

• Pending Sales increased 18.8% to 1382

• Inventory decreased 24.6% to 14,169

For the month of April:

• Median Sales Price increased 12.0% to $182,000

• Days on Market decreased 28.1% to 97

• Percent of Original List Price Received increased 2.8% to 96.0%

• Month’s Supply of Inventory decreased 36.0% to 3.2

You may also find it useful to explore MAAR's interactive market analytics tool, The Thing, and read MAAR's blog, The Skinny.

Ever wonder if Don knows what he’s talking about?