Twin Cites Jobs Better Than Expected!

With February's jobs data in the Twin Cities is looking better than expected and inflation running well
within the Fed's target range, mortgage rates ticked higher. It s not much,
and this affordability environment is still hugely attractive, but it's just enough to
notice. Combined with low inventory, low rates have been a prominent motivation
for buyers. Twin Cities Home Source sellers need the real encouragement these days. Consistent yearover-
year price gains have proven insufficient thus far, but that's subject to
change come spring.
In the Twin Cities region, for the week ending March 9:
• New Listings decreased 6.1% to 1,361
• Pending Sales increased 10.9% to 1,019
• Inventory decreased 30.7% to 12,476
For the month of February:
• Median Sales Price increased 15.5% to $160,000
• Days on Market decreased 22.2% to 112
• Percent of Original List Price Received increased 3.4% to 93.7%
• Months Supply of Inventory decreased 38.8% to 3.0

Twin Cities Home Source is Here!

Twin Cities Home Source focus is representing each client with a experienced professional agent. Our average agent has at least 10+ years of experience with our managing partners having an average of 20 years of experience!
Our website utilizes the RMLS or MLS ( Multiple Listing Service ) and our agents can set up a FREE email alert directly from the MLS data base so you can be notified in real time when a home comes on the market that meets your criteria!
Check out our Mortgage,and Home Inspectors on the left buttons of this page. These are professionals that we have a long history of referring and working with to make your transaction as smooth as possible. You can hire anyone you like, however company's listed on our site have been a part of hundreds of successful closing by past clients!
Contact us today, we will bring our experience to you. We'd love to hear from you!

Twelve Consecutive Months of Price Gains

Twin Cities Home Source has learned homes in the Twin Cities sold for a higher median price than during the year prior for the 12th consecutive month. This is a significant milestone demonstrating a real and sustainable recovery. Several patterns continued from 2012: pending purchase activity was up, new and existing supply levels were down, prices were higher and distressed market activity eased.
There were 2,736 closed home sales during February 2013, 4.7 percent fewer than February 2012. There were 3,689 pending sales, a 2.0 percent increase over last year. The median sales price rose 15.5 percent to $160,000. Inventory levels declined 31.6 percent to 12,202 active listings, the lowest number for any month going back to January 2003. The number of homes for sale is at a 10-year low.
“We’re watching seller activity almost more than buyer activity,” said Andy Fazendin, President of the Minneapolis Area Association of REALTORS®. “Bank listing activity is down while traditional seller activity is up. That’s an encouraging shift.” ~The Skinny

Twin Cities Home Source focus is representing each client with a experienced professional agent. Our average agent has at least 10+ years of experience with our managing partners having an average of 20 years of experience!
Our website utilizes the RMLS or MLS ( Multiple Listing Service ) and our agents can set up a FREE email alert directly from the MLS data base so you can be notified in real time when a home comes on the market that meets your criteria!
Check out our Mortgage,and Home Inspectors on the left buttons of this page. These are professionals that we have a long history of referring and working with to make your transaction as smooth as possible. You can hire anyone you like, however company's listed on our site have been a part of hundreds of successful closing by past clients!
Contact us today, we will bring our experience to you. We'd love to hear from you!