Monday, November 24th, 2014

Consumers are already starting to lean toward 2015, so let’s look ahead ourselves before we hit the weekly tabulations. With virtually no inflation to speak of, interest rates should remain low for the foreseeable future but could flirt with 5.0 percent toward the end of next year. Both new and existing inventory levels should rise – which is more of a continuation than a new development for many communities. Prices are also expected to increase but not by much, which should help first-time buyers. Job growth is likely to continue, and wage growth is expected to pick up.

In the Twin Cities region, for the week ending November 15:

  • New Listings decreased 14.5% to 857
  • Pending Sales decreased 1.6% to 749
  • Inventory increased 3.5% to 16,692

For the month of October:

  • Median Sales Price increased 6.7% to $208,000
  • Days on Market decreased 4.0% to 72
  • Percent of Original List Price Received decreased 0.6% to 95.2%
  • Months Supply of Inventory increased 13.5% to 4.2

All comparisons are to 2013

Click here for the full Weekly Market Activity Report. From The Skinny Blog.

Posted in Weekly Report |
Monday, November 24th, 2014

Where has the Twin Cities real estate market been and where is it heading? This monthly summary provides an overview of current trends and projections for future activity. Narrated by David Arbit, Research Manager at the Minneapolis Area Association of REALTORS®, video produced by Chelsie Lopez.

Posted in Monthly Skinny Video |
Monday, November 24th, 2014

As we take a moment to reflect this Thanksgiving week, we are thankful for all the wonderful buyers and sellers we have met over the past year!

 

Find yourself in a new home this year for the Holidays? How exciting! Perhaps these few simple tips will help you begin new traditions, and bring in the comforts of past traditions you love:

 

1. Love to bake?

Chances are if you’ve moved during the colder seasons, you may not have seen your neighbors outdoors much. Use the holidays as a way to bring some baked goods by, allowing a moment to introduce yourself.

 

2. Love to host?

A new home is a great excuse to throw a party! But it doesn’t have to be big. A simple cookie exchange or cozy dinner party would be a great way for friends and family to see your new home. Other ideas are a holiday house-warming party, wine and cheese party, or gift-wrapping get-together.

 

3. Love to decorate?

Now’s the time to find new decor for new spaces! Start by pulling out what you already have. Place items around your new home, then decide what spaces still need some attention, then hit the sales! (Psst- Don’t forget; we’re the ‘Realtors with the Store’ – Odds and Ends Again, where you’ll find unique and eclectic pieces for your home).

 

We hope these few suggestions help. Whatever you do, we hope you find comfort and joy in your surroundings.

 

Peace and Happy Holidays!

 

Katherine B. Francis & Jodi Laliberte
Your Trusted Realtors at OEA

Posted in Uncategorized |
Wednesday, November 19th, 2014

Entertaining in your home this Thanksgiving? Great article via house logic suggests ways to reduce energy costs this year.

 

Happy Holidays from your Realtors!

Visit houselogic.com for more articles like this.

Copyright 2014 NATIONAL ASSOCIATION OF REALTORS®

Posted in Uncategorized |
Monday, November 17th, 2014

As fall finally goes dim, winter emerges as the prevailing wind through the marketplace. While optimism serves as a white rose through this phase, moderate unemployment rates have given pause to overabundant optimism. All the same, the desire for homeownership remains high among those willing to absorb some risk while attracting enthusiasm.

In the Twin Cities region, for the week ending November 8:

  • New Listings decreased 2.8% to 1,104
  • Pending Sales increased 2.0% to 826
  • Inventory increased 4.1% to 16,972

For the month of October:

  • Median Sales Price increased 6.7% to $208,000
  • Days on Market decreased 4.0% to 72
  • Percent of Original List Price Received decreased 0.6% to 95.2%
  • Months Supply of Inventory increased 13.5% to 4.2

All comparisons are to 2013

Click here for the full Weekly Market Activity Report. From The Skinny Blog.

Posted in Weekly Report |