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WEEKLY ACTIVITY REPORT

Ellen DeHaven — Wed, 24 Mar 2010 17:07:41 +0000

News and Updates Weekly Market Activity Report The spring market is heating up as the federal tax credit deadline draws near. The Twin Cities housing market saw some resurgence in several metrics for the week ending March 13. Pending sales were where the real action was. The magical “1,000″ barrier was finally broken for the first time this spring with 1,027 purchase agreements signed for the week. This was an improvement in the year-over-year figures by 18.0 percent. The 2,110 new listings were slightly down from the previous week’s high, but they still outpaced 2009 numbers at this time by 17.9 percent. The number of active listings slowly continues its upward mobility. There were 24,524 homes available on the market for the week ending March 22. This is still below last year, but as the graph on page 4 shows, active listings are getting closer and closer to where they were during the spring of 2009. VIEW FULL REPORT | VIEW MORE RESEARCH REPORTS

Weekly Market Activity Report

Ellen DeHaven — Mon, 08 Mar 2010 22:37:00 +0000

Warming weather, affordability and approaching deadlines are activating the housing market. With less than 60 days left until the home buyer tax credit expires, buyers and sellers appear to be kicking it into a new gear. There were 1,715 new listings for the week ending February 27, an increase of 5.3 percent from a year ago and the fourth consecutive week of year-over-year increase. The $6,500 tax credit for move-up buyers appears to be stimulating some sellers to place their homes on the market in an attempt to sell them before the credit expires. For the same reporting week, there were 868 accepted offers, which is a bump of 13.9 percent from a year ago. After several months of relatively flat home buying, the last two weeks have seen a jump as the credit deadline nears. Days on Market continues to decrease, landing at 142 days in February. That was a 9.7 percent decrease from a year ago. The Percent of Original Price Received at Sale stood at 92.3 percent in February, a 3.4 percent increase over the year prior. VIEW FULL REPORT | VIEW MORE RESEARCH REPORTS

Home Buyer Tax Credit

Ellen DeHaven — Wed, 03 Feb 2010 18:45:41 +0000

Monthly Skinny

Ellen DeHaven — Tue, 12 Jan 2010 19:53:15 +0000

Weekly Market Activity Report
Housing activity for the week ending January 2, 2010 took a predictable surge upward following the holiday break. New listings rose to 688 for the week—down 37.3 percent from a year ago—while pending sales posted a number of 378—down 11.7 percent from a year ago. We will likely have to wait another week for all the holidays and frosty weather to get flushed from our year-over-year comparisons to get a full understanding of where our market is headed.

A few additional stats for the New Year:

– Housing Affordability continues at historic levels: rising to 208 for January, an 8.3 percent increase from the previous year and a good sign for buyers in the year to come.

– The Months’ Supply of Inventory is back in balanced market territory at 5.0 months. This is a dramatic 34.2 percent under the supply at the beginning of last year.

With a balancing supply and demand and the possibility of rising interest rates on the horizon, this is a unique opportunity time for Twin Cities’ home buyers.

Click here for the full Weekly Market Activity Report.

MAAR’s Weekly Market Activity Report

Ellen DeHaven — Tue, 15 Dec 2009 21:29:28 +0000

– Market Experienced holiday drop-off… However, days on market before sale dropped 14.5 percent to 127 days. The local housing market experienced the traditional Turkey Day drop off for the week ending November 28 as Twin Citizens focused more on turkey and stuffing than purchase agreements and closing dates. Even taking into account the expected holiday drop, market activity in the last few weeks has slowed considerably from the breakneck pace we saw during the first 10 months of the year, likely due to the passing of the home buyer tax credit’s initial deadline. There were 5.9 percent fewer pending sales compared to the same week in 2008. That’s only the second week of year-over-year decrease in all of 2009 (the first was two weeks earlier). Now for the good news: Days on Market before Sale dropped 14.5 percent to 127, and the Percentage of Original List Price trended positive over last year to 94.3. These two metrics should shore up sellers who are weathering the current economic storm. For the full market report visit http://www.mplsrealtor.com/downloads/market/WMAR/wmar.pdf MAAR Weekly Market Activity Report is information from the Minneapolis Area Association of REALTORS®

MAAR’s Weekly Market Activity Report

Ellen DeHaven — Tue, 03 Nov 2009 15:42:42 +0000

– Sales up 54.4 percent over last year. The end of the first-time home buyers tax credit looms just 30 days beyond a Halloween horizon, and home sales remain strong in the lead-up to tricks and treats and the impending tax credit DEADline. For the week ending October 17, there were 954 signed purchase agreements, howling upward 54.4 percent from a year ago. Almost two-thirds of these pending sales were priced below $190,000—evidence that first-time buyers are carrying a heavy share of the activity. The strong sales we’ve seen over the last 15 months mean that our inventory of available homes has shrunk like the heads in a witches’ brew. The 23,896 homes on the market right now represents a 21.2 percent decrease from the decidedly more scary market of 2008, and it is the lowest mark at this point in the year since 2004. Expect home sales to begin dropping as tax credit qualifiers finish their mad rush to the closing table. We’ll all make it out of this market alive. For the full market report visit http://www.mplsrealtor.com/downloads/market/WMAR/wmar.pdf

WEEKLY MARKET ACTIVITY REPORT

Ellen DeHaven — Tue, 27 Oct 2009 14:09:57 +0000

News and Updates

Weekly Market Activity Report

The end of the first-time home buyers tax credit looms just 30 days beyond a Halloween horizon, and home sales remain strong in the lead-up to tricks and treats and the impending tax credit DEADline. For the week ending October 17, there were 954 signed purchase agreements, howling up 54.4 percent from a year ago. Almost two-thirds of these pending sales were priced below $190,000—evidence that first-time buyers are carrying a heavy share of the activity.

The strong sales we’ve seen over the last 15 months mean that our inventory of available homes has shrunk like the heads in a witches’ brew. The 23,896 homes on the market right now represents a 21.2 percent decrease from the decidedly more scary market of 2008, and it is the lowest mark at this point in the year since 2004.

Expect home sales to begin dropping as tax credit qualifiers finish their mad rush to the closing table, but unlike those camp counselors at Crystal Lake, we’ll all make it out of this market alive.

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Monthly Skinny Video – October 2009

Ellen DeHaven — Tue, 20 Oct 2009 14:07:43 +0000

Monthly Skinny – October 2009

Weekly Market Activity Report

Ellen DeHaven — Tue, 20 Oct 2009 14:04:44 +0000

The fall Twin Cities housing market has been full of wild things, mostly first-time home buyers stampeding to take advantage of the federal tax credit before it expires on November 30. The week ending October 10 was no different than others we’ve seen this fall. There were 947 signed purchase agreements for the week, a 37.6 percent increase over the same week last year.

At 1,543 new listings we’re down 4.4 percent from the same week a year ago. The trend continues: New listings haven’t been keeping up with the amount of sales, bringing total housing supply down dramatically in the Twin Cities. There are currently 24,901 homes on the market, 21.0 percent less than a year ago.

The rumpus is likely to subside as we near the November 30 tax credit deadline, silencing the sales activity of the market’s most active buyers.

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Check out my listings at www.EDeHaven.com

Ellen DeHaven — Mon, 19 Oct 2009 18:50:59 +0000