Lee Homes

RKotoski@CBBurnet.com

  • Home
  • Our Company
  • Gallery and Testimonials
  • Virtual Tours
  • Plans
  • Contact Us

Weekly Market Report

May 20, 2014 by Adam Tita

April showers bring the Speedwell. This could have been the mantra if 1620 had gone differently (go ahead and Google it). Either way, the May flowers are rising high even as mortgage rates stay persistently low, which helps boost affordability regardless of rising prices. More mortgage applications means more first-time buyers dipping into homeownership. Lower unemployment levels will also help direct buyers toward the rosy scent of a new home.

In the Twin Cities region, for the week ending May 10:

  • New Listings increased 6.5% to 1,979
  • Pending Sales increased 0.1% to 1,264
  • Inventory increased 3.5% to 15,009

For the month of April:

  • Median Sales Price increased 7.6% to $196,425
  • Days on Market decreased 8.2% to 89
  • Percent of Original List Price Received decreased 0.1% to 95.9%
  • Months Supply of Inventory remained flat at 3.4

All comparisons are to 2013

Click here for the full Weekly Market Activity Report. From The Skinny.

Filed Under: Weekly Report

  • Model
    Location
  • Warranty
  • Better
    Business
    Bureau
  • Builders
    Assoc
  • The Most
    Important
    Tab

Realtor & Housing
Licensed In Minnesota

All information deemed reliable but not guaranteed and should be independently verified.
Copyright © 2023 | Limelight Marketing Systems