http://www.mplsrealtor.com/downloads/market/WMAR/wmar.pdf
Once again, the six-day gap between where Labor Day fell in 2008
and where it fell this year is causing our year-over-year weekly
numbers to look weird. For the week ending September 12, you’ll see
a steep drop-off in new listings and pending sales, but there’s no such
dip last year.
New listings for the week ending September 12 were 1,624, a 12.9
percent drop from this period last year. Pending sales agreements also
dropped precipitously to 840 from 1,070 a week ago, 7.3 percent
higher than this week last year.
Next week’s figures should begin to provide more relevant year-overyear
comparisons. As the final days of the tax credit tick down (72 days
and shrinking), we’ll be watching market activity with heavy interest.
Stay tuned.
Posted by Ellen DeHaven 