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Sheryl Petrashek's Blog

By Sheryl Petrashek | Agent in Apple Valley, MN

Weekly Market Activity Report April 2, 2012

The pulse of today’s market indicates that we may be getting ready to leave the ICU

April 2 Twin Cities Market Report Skinny Sheryl Petrashek

Pending Sales are Up!

The last time you were at the doctor, your vital signs were checked – heart rate, pulse, temperature and blood pressure. Progress was documented and valuable insights were gained, whether it was a routine visit or one of many checks during an extended hospital stay. The housing market has been in and out of intensive care for the past several years. Monitoring vitals matters, and that’s what you’ll find on the following pages. So if you could just please pull up your sleeve, let’s check your blood pressure.

In the Twin Cities region, for week ending March 24:

• New Listings increased 2.2% to 1,414
• Pending Sales increased 30.2% to 1,052
• Inventory decreased 27.3% to 17,193

For the month of February:

• Median Sales Price decreased 1.4% to $138,000
• Days on Market decreased 9.0% to 145
• Percent of Original List Price Received increased 2.5% to 90.6%
• Months Supply of Inventory decreased 34.8% to 4.7

Click Here to View Full Weekly Activity Report

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