Job growth, low mortgage rates, rising rents and a relatively inexpensive housing stock. These are just some of the playful teases in the burlesque revue that is today’s market recovery. Another week passed with buyers displaying no signs of slowing down. In general, sellers are discovering a less-intimidating scene, and buyers are reveling in the showy marketplace. As expected, spring’s warming glow continues to fuel optimism and consumer activity. But that won’t necessarily be the case in every area or segment, so do your research before making that move.
In the Twin Cities region, for the week ending April 14:
• New Listings decreased 9.5% to 1,637 • Pending Sales increased 25.5% to 1,170 • Inventory decreased 27.8% to 17,384
For the month of March:
• Median Sales Price increased 7.1% to $149,900 • Days on Market decreased 9.6% to 145 • Percent of Original List Price Received increased 3.8% to 92.1% • Months Supply of Inventory decreased 38.0% to 4.7
Local West Metro Market Updates:
Golden Valley Condos
There are 45 ACTIVE LISTINGS. There were 6 NEW LISTINGS, 2 PENDING & 4 SOLD last week.
Maple Grove Townhomes
There are 19 ACTIVE LISTINGS. There were 3 NEW LISTINGS, 6 PENDING & NO SOLD last week.
Minneapolis Homes(near Bryn Mawr)
There are 68 ACTIVE LISTINGS. There were 2 NEW LISTINGS, 3 PENDING & 2 SOLD last week.
Plymouth Homes
There are 364 ACTIVE LISTINGS. There were 25 NEW LISTINGS, 15 PENDING & 13 SOLD last week.
Maple Grove Homes
There are 350 ACTIVE LISTINGS. There were 39 NEW LISTINGS, 32 PENDING & 18 SOLD last week.
Wayzata Homes
There are 56 ACTIVE LISTINGS. There were 5 NEW LISTINGS, 2 PENDING & NO SOLD last week.
St. Louis Park Homes
There are 247 ACTIVE LISTINGS. There were 31 NEW LISTINGS, 25 PENDING & 14 SOLD last week.
