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Archive for December 27, 2007

Twin Cities Real Estate: Market Activity Report for Week of December 24, 2007

December 27, 2007 johnmurphymn Leave a comment

The Minneapolis Association of Realtors just released the latest on Twin Cities housing sales:

As the year winds to a close, the supply of homes for sale remains plentiful, with 28,651 homes on the market in the region—an increase of 14.5 percent over this time last year. For the week ending December 15, there were 1,213 new listings added to the market, approximately half of which are re-lists that have already been placed on the market at least once in 2007. This is an increase of 8.0 percent in new listing activity compared to the same week last year; newly signed purchase agreements (pending sales) were 27.0 percent behind.

Categories: Housing Statistics, Housing Supply, Housing Supply Outlook, Minneapolis Area Association of Realtors, Twin Cities Real Estate

Twin Cities Home Prices Drop 5.5% Y-O-Y: Case-Schiller Index

December 27, 2007 johnmurphymn Leave a comment

While much of America was out shopping and returning gifts the day after Christmas, Standard and Poors decided to release the highly watched S&P/Case-Schiller home price index which clearly shows declining housing prices across the country. For the Twin Cities, they state that while we’re off 5.5% which is not nearly as bad as we’ve seen in other markets across the country.

Click here for the 3-page pdf press release. It contains statistics for the 20 cities covered in the S&P/Case-Schiller index.

Categories: Housing Statistics, Housing Trends, Twin Cities Real Estate