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Brad Anderson Realtor's Blog

By Brad Anderson | Agent in Maple Grove, MN

Weekly Real Estate Market report

Weekly Market Activity Report

For Week Ending January 26, 2013

Publish Date: February 4, 2013  •  All comparisons are to 2012

You can have data without information, but you cannot have information without

data. In real estate, numbers aren t just numbers. Numbers tell consumers how

much house they can afford. Numbers tell agents whether their customers are 

buying into appreciating or depreciating communities. Numbers forewarn against 

bubble inflation. They also offer insight into which way the pendulum is swinging: 

toward buyers or sellers. Numbers have a calming way of removing uncertainty 

from decisions. Let's examine our most recent set of numbers.

In the Twin Cities region, for the week ending January 26:

 • New Listings decreased 4.9% to 1,038

 • Pending Sales increased 3.1% to 800

 • Inventory decreased 31.4% to 12,245

For the month of December:

 • Median Sales Price increased 15.9% to $168,000

 • Days on Market decreased 23.4% to 108

 • Percent of Original List Price Received increased 3.5% to 93.8%

 • Months Supply of Inventory decreased 40.0% to 3.0

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