Lee Homes

RKotoski@CBBurnet.com

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

Weekly Market Report

February 24, 2014 by Adam Tita

Housing starts haven’t been quite as robust as forecast, climatological factors have chilled demand in many places and dramatic declines in foreclosure activity has become the norm in several housing markets. These factors can sometimes pull down overall sales numbers, so it’s important to dig beneath the headlines. All of this looks and feels like a natural part of the transition toward a healthier marketplace. Prices are still experiencing upward pressure, and sellers are still receiving competitive offers.

In the Twin Cities region, for the week ending February 15:

  • New Listings decreased 2.9% to 1,162
  • Pending Sales decreased 8.4% to 816
  • Inventory decreased 9.7% to 11,965

For the month of January:

  • Median Sales Price increased 12.4% to $179,850
  • Days on Market decreased 12.3% to 93
  • Percent of Original List Price Received remained flat at 93.5
  • Months Supply of Inventory decreased 15.6% to 2.7

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