Blog

Weekly Market Activity Report

Posted on | 2 Comments

Weekly Market Activity Report .. Market Pulse For the week ending February 12, there were 710 signed purchase agreements, a meager drop of 0.1 percent from the same week last year. Although we fully expect to be down in year-over-year comparisons for the next three months due to last year’s tax credit incentive, this is […]

Read More

Weekly Market Activity Report

Posted on | 2 Comments

For the week ending August 7, we didn’t stray from the post-tax credit trends in the Twin Cities housing market. Pending sales remained entrenched in a holding pattern around 600 per week, continually underperforming last year’s activity. The 659 purchase agreements signed were 36.5 percent below 2009 figures. Weak sales means rising inventory. There are […]

Read More

Market Update

Posted on | 2 Comments

Weekly Market Activity Report Remember how we’ve been saying that the Twin Cities housing market has been getting successively slower in home sales every week since the tax credit ended? Umm, yeah, well that’s still happening. Pending sales for the week ending June 5 were another 57.0 percent behind the pace seen a year ago, […]

Read More

Discounted Price vs Overpriced

Posted on | 2 Comments

As possible Buyer or Seller conversations … and what are your thoughts ? Of course, not everybody agrees that homes selling well below list price can be considered discounted. Maybe they were just overpriced, says Barry Nystedt, the president of the National Association of Exclusive Buyer Agents. “Home buying is not an exact science,” Nystedt […]

Read More

Market Update

Posted on | 2 Comments

The expiration of the tax credit clearly motivated buyers to take action by April 30. Last week, there was a significant 31.2 percent jump in Pending Sales versus last year, bringing the total number of contracts written to 1,469. But for the first time this year the number of New Listings was down. A total […]

Read More

Market Update

Posted on | 2 Comments

Well, the federal home buyer tax credit we’ve been talking about for the last 18 months has finally expired. All good (or bad, depending on your opinion) things must come to an end. Unfortunately, we won’t have definitive evidence of how wild the final days of the credit were for another week as we wait […]

Read More