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Twin Cities Real Estate Market Stats - MAAR's Monthly Skinny

MAAR's Monthly Skinny

The real estate market in Minnesota is continueing to see positive movement. As you will see here in MAAR's Monthly Skinny were MAAR's CEO, Mark Allen recaps the performance of the Twin Cities real estate market. 
 
Here are a few of the video's key points for Minnesota's Real Estate Market in the Twin Cities Metro Area for the month of July of 2009. 
  • Pending sales are growing strong and increased 16 % over July of 08.
  • Our listings supply continues to decline. We had  25,862 homes on the market a decline of 21.6% percent from this time in 2008.
  • New listings: The number of new listings that have come on the market is as low as the we had in 2002
  • Minnesota home sellers are receiving on average 94% of their asking price which is an increase of 1.4% from July of last year.
  • Lender Mediated properties still have a strong presence with them holding 43.6% of the pending sales

Find out what your city's real estate market trends are

With the $8,000 federal tax credit for first-time home buyers and mortgage rates at historic lows, it's not surprising to see these positive gains in Minnesota's Twin Cities real estate market.

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Posted Monday Aug 24