We can count on one thing – a steadily improving housing market!

The unpredictable season of spring is here. Wily snowstorms, thunderous rain and summer-like heat waves strike across the U.S. It’s a good thing that we can count on one thing – a steadily improving housing market. Even the few naysayers left can’t ignore the cherry blossom blooms within the market metrics. So get out your umbrella, sunscreen and snow boots because, no matter the weather, we are watching a burgeoning market take form. With scarf, shorts and galoshes on, let’s wade into this week’s local housing stats.

 

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

 

• New Listings increased 22.6% to 1,731

• Pending Sales increased 17.1% to 1,158

• Inventory decreased 30.1% to 12,821

 

For the month of March:

 

• Median Sales Price increased 18.0% to $176,840

• Days on Market decreased 24.3% to 109

• Percent of Original List Price Received increased 3.1% to 95.0

• Months Supply of Inventory decreased 38.0% to 3.1

The Weekly Market Activity Report is produced by the Minneapolis Area Association of REALTORS® (MAAR) for REALTOR® members and interested parties on a weekly basis. Use it to further your understanding of the Twin Cities 13-county residential real estate marketplace.

Good luck and happy home selling!

Matthew Johnson

www.mattjrealtor.com

The Johnson Real Estate Group serves Woodbury, Oakdale, Cottage Grove, and the entire Twin Cities Area including Western Wisconsin! We are dedicated to providing a superior experience when buying or selling your Twin Cities home! Contact us at www.mattjrealtor.com to find out more.

Matthew Johnson |The Johnson Real Estate Group
Keller Williams Premier Realty
651.209.3767 Office/ 651.379.5263 Fax
651.775.7515 Cell

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