For the week ending June 18, pending sales in the Twin Cities reached a new high for 2011. The 961 signed purchase agreements were 49.0 percent higher than the same week last year. New listings were down 10.4 percent from last year to 1,534 new homes, and inventory levels are falling at an increasing rate for the fourth consecutive week, which is a good thing.
What does this mean? Less homes coming on the market and buyers aggressively buying homes means that things could be starting to stabilize, leading to market recovery!
Single Family Homes near Rice Lake in Maple Grove: There are 31 active homes on the market today. There were 5 new listings, 2 pending homes and 1 sold home!
Townwhomes & Condos in Maple Grove: There are 178 active condos and townhomes on the market today. There were 13 new listings, 6 went pending and 5 sold this past week. Some stuff is selling, even though it’s overall pretty slow.
St. Louis Park & Calhoun Area Condo & Townhouse Market Update:
There are 94 active condos and townhomes on the market today. No new listings came on the market in the past 7 days; there were 7 pending homes, and 1 sold home.
Robbinsdale area: There are 169 active homes on the market today (less than last week). There were 12 new listings, yours included, 12 went pending and 4 sold this past week.
St. Paul near Como Park:
There are 106 active homes on the market today. There were 6 new listings this week. There were 4 pending homes and 4 sold homes this past week.
In the Mounds View Area: There are 26 active homes on the market today. There was 1 new listing, 2 went pending and 1 sold this past week.
Anoka & Elk River:
There are 366 active homes on the market today. There were 22 new listings, 18 pending homes, and 13 sold homes this past week.
To read more about the local market check out The Skinny.