For the week ending July 23, Twin Cities home-buying activity increased 54.3 percent while home-listing activity declined 13.2 percent compared to the same week in 2010. Buyers entered into 1,040 purchase agreements while sellers brought 1,380 new properties onto the market.
According to the NAR, “Existing-home sales this year are expected to total 5.0 million, slightly higher than 2010. Similarly, little change is forecast for aggregate home prices with several indicators, including NAR’s median prices, showing recent signs of stabilization.”
The largest regional increase month-to-month was seen in the West, which rose 6.4 percent, while the Northeast and Midwest both posted monthly declines.
Moundsview: There are 24 ACTIVE LISTINGS in a 1 mile radius of your home. There were 2 NEW LISTING last week. There were 3 PENDING LISTINGS. There were 4 SOLD LISTINGS. Things are starting to move a bit more.