“Welcome back from the 4th of July weekend. Our post-4th news is
remarkably the same as our pre-4th news. New listings continue at an
atypically slow pace but pending sales are robust.

The 1,719 new listings for the week ending June 27 is 18.9 percent
less than a year ago. The 26,043 total listings available is 21.3 percent
less than last year. However, the 1,121 pending sales for this week
excels last year by a giant 31 percent.

Additional metrics worth paying attention to this month:

• Supply-Demand Ratio: 4.9 homes per buyer; 32.6 percent below last
year; lowest since 2005.

• Days on Market Until Sale: 140; seemingly high but crawling down to
a pre-bubble level.

Housing market improvement has been significant in the lower price
ranges, while homes priced above conforming loan limits still face
significant challenges. With fewer homes available than last year, the
number of days on market dwindling, and the clock ticking on
government incentives, the buyer advantage is not as great as it once
was.”

Market Report for the Twin Cities Area

Market Report for Minneapolis

Market Report for St. Paul

Market Report for Forest Lake

Market Report for White Bear Lake

Market Report for Woodbury

Market Report for Arden Hills

Market Report for Lino Lakes

Would you like a real estate Market Report for your area? Just let me know, I will gladly forward you a Market Report for your community. Over 125 Twin Cities communities available!

“The number of homes for sale in the Twin Cities metro area continues
to decline relative to a year ago. As of Monday morning this week,
there were 26,674 homes for sale in the region, down 20.9 percent
from a year ago. In other words, we’ve lost 1 in 5 homes in our
inventory in the last year.

Sales are a different story. For the week ending June 20, there were
1,156 signed purchase agreements, up 32.1 percent from the same
week in 2008. That’s the 12th week of the last 13 to feature a yearover-
year increase in sales activity exceeding 20 percent.

We must bear in mind, however, that sales are only up in certain
categories and price ranges. Year to date, traditional home sales
(excluding foreclosures and short sales) are still down 17.8 percent
from last year. New construction sales are down 21.7 percent from last
year. And sales of homes priced above $350,000 are down 26.8
percent from a year ago. The lion’s share of market activity is taking
place in the lower price ranges this year.”

Market Report for the Twin Cities Area

Market Report for Minneapolis

Market Report for St. Paul

Market Report for Forest Lake

Market Report for White Bear Lake

Market Report for Woodbury

Market Report for Arden Hills

Market Report for Lino Lakes

Would you like a real estate Market Report for your area? Just let me know, I will gladly forward you a Market Report for your community. Over 125 Twin Cities communities available!

Sunday, June 28th from 1:00pm until 3:00pm

7067 Lydia Lane
Woodbury, MN 55125
- Click here for more information -

I’d love to have you stop by
or pass the information along.

Thanks - Gregg

“As we near the halfway mark of 2009, the Twin Cities housing market
continues to show a pattern of robust home sales and declining new
listing activity. Setting aside fluctuations over the Memorial Day
holiday, long-term market improvement can be seen when comparing
2009 to 2008.

There were 1,210 pending sales for the week ending June 13—a
strong 33.8 percent increase from last year. There were 1,970 new
homes added to the market during the same week, a decrease of 2.6
percent from the same week in 2008. That 2.6 percent decline in new
listings is a much smaller drop than we have seen in recent months
when there were typically year-over-year drops of 10 percent or
stronger.”

Market Report for the Twin Cities Area

Market Report for Minneapolis

Market Report for St. Paul

Market Report for Forest Lake

Market Report for White Bear Lake

Market Report for Woodbury

Market Report for Arden Hills

Market Report for Lino Lakes

Would you like a real estate Market Report for your area? Just let me know, I will gladly forward you a Market Report for your community. Over 125 Twin Cities communities available!

Saturday, June 20th from 1:00pm until 3:00pm

7067 Lydia Lane
Woodbury, MN 55125
- Click here for more information -

I’d love to have you stop by
or pass the information along.

Thanks - Gregg

“New listings and pending sales both took a jump upward in the week
ending June 6 as the annual post-Memorial Day surge in activity took
place. There were 1,226 signed purchase agreements in the Twin
Cities for the week, which represents a 33.4 percent increase over the
same week last year. The 2,160 new listings were a 4.3 percent
decline from a year ago but were a significant bump over the activity
seen during the Memorial weekend respite.

The June Housing Affordability Index of 199 is down 20 points over the
last two months due to recent rises in mortgage rates and seasonal
increases in the region’s median sales price. Combine that with a
steadily declining Months Supply of Inventory (7.6 months) and falling
Supply/Demand Ratio (5 homes per buyer), and it’s clear that buying
conditions are not quite as friendly as they were a couple of months
ago, especially in the lower price ranges.”

Market Report for the Twin Cities Area

Market Report for Minneapolis

Market Report for St. Paul

Market Report for Forest Lake

Market Report for White Bear Lake

Market Report for Woodbury

Market Report for Arden Hills

Market Report for Lino Lakes

Would you like a real estate Market Report for your area? Just let me know, I will gladly forward you a Market Report for your community. Over 125 Twin Cities communities available!

• Nearly 4000 Finished Square Feet above ground with another 1800+ square feet of unfinished basement space
• 4 Bedrooms on one level
• The master suite boasts a private bathroom as well as 2 walk-in closets
• Beautiful woodwork and hardwood flooring
• Double sided fireplace to enjoy from the living room and the kitchen. Yes, a kitchen large enough for a sitting area by the fireplace in addition to eat in dining.
• A spacious foyer featuring a curved staircase

Click here for the full data sheet for this home

Upcoming open house schedule:
Saturday, June 20, 1:00pm - 3:00pm
Tuesday, June 23, 11:00am - 1:00pm
Sunday, June 28, 1:00pm - 3:00pm

“Let’s start this freshly soaked week with June’s Months Supply of
Inventory of 7.6 months, a healthy 26.9 percent behind last June,
when we were at 10.4 months of supply. The drop in supply has been
brought about by weak new listings and strong home sales. New
listings continue to underperform vs. 2008, with 1,566 for the week
ending May 30, down 10.6 percent from this time last year. Pending
sales remain strong despite a Memorial Day dip, with the 917 sales for
the most recent reporting week representing a 14.9 percent increase
over 2008.

The June Housing Affordability Index of 199 dropped 20 points from
last month due to a recent rise in mortgage rates and an uptick in
May’s median sales price brought about by an increase in traditional
(non-lender-mediated) sales activity. Only 41.3 percent of the
pending sales from the past two weeks have been lender-mediated
foreclosures and short sales; the first several months of 2009 saw 45
to 60 percent lender-mediated sales activity.”

Market Report for the Twin Cities Area

Market Report for Minneapolis

Market Report for St. Paul

Market Report for Forest Lake

Market Report for White Bear Lake

Market Report for Woodbury

Market Report for Arden Hills

Market Report for Lino Lakes

Would you like a real estate Market Report for your area? Just let me know, I will gladly forward you a Market Report for your community. Over 125 Twin Cities communities available!

“For the week ending May 23, there were 1,103 pending sales, which
was down slightly from the week prior due to the Memorial Day
weekend holiday. Despite the low-cal dip, the mark is still 27.2 percent
higher than last year at this time. Of the week’s sales, 43.2 percent
were lender-mediated foreclosures and short sales. In week-by-week,
year-over-year comparisons, sales are expected to be higher than last
year for the remainder of the year.

Heavy sales and soft growth in new listings equate to no growth in the
supply of homes for sale this spring—the time of year that typically
shows the largest increases. There are currently 26,453 active listings,
lagging 19.6 percent behind this time in 2008.

This week’s edition of the MAAR Weekly Market Activity Report
features a new Supply-Demand Ratio for June 2009 of 5.04, which
means that there will be 5.04 houses per buyer during the month. This
is an astounding 33.4 percent drop compared to June 2008.”

Market Report for the Twin Cities Area

Market Report for Minneapolis

Market Report for St. Paul

Market Report for Forest Lake

Market Report for White Bear Lake

Market Report for Woodbury

Market Report for Arden Hills

Market Report for Lino Lakes

Would you like a real estate Market Report for your area? Just let me know, I will gladly forward you a Market Report for your community. Over 125 Twin Cities communities available!

Sunday, May 31st from 1:00pm until 3:00pm

5652 James Avenue South
Mpls., MN 55419
- Click here for more information -

I’d love to have you stop by
or pass the information along.

Thanks - Gregg