The
Labor Day fluctuations came and went, and the Twin Cities housing market is
better for it. Pending sales for the week ending September 13 rose dramatically
to 1,043, which is 33.5 percent above last year's total for the same week. We
must assume that a healthy chunk of this buyer activity can be attributed to
first-time home buyers taking advantage of the tax credit before it expires on
November 30.
New
listings came in at 1,846, up 3.2 percent in a year-over-year comparison. Home
sellers have recognized a window of opportunity in recent months and are
listing with a little more frequency, but the overall inventory of houses for
sale is still below that of the last three years and our Supply-Demand Ratio (which
measures the number of houses available per buyer) remains 30.3 percent better
than where we were a year ago.
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REPORTS
Thanks for updating what is going on the market.
Deirdre Gonzales
Posted by: condo for sale Philippines | October 02, 2009 at 12:16 AM