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Home Sales Improve in Minnesota
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Home Sales Improve in Minnesota
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Home Sales Improve in Minnesota
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Home Buying Tips
Home Selling Tips
About Mortgages
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March 27, 2012 (Shirley Allen)

Monthly and annual sales of existing single-family homes and condominiums improved during February in Minnesota while home prices held steady, remaining virtually unchanged from last month and from last year, according to the latest housing data from the Minnesota Association of Realtors® (MAR).

An estimated total of 4,921 existing single-family homes and condos were sold in the North Star State in February. That was 11.6 percent higher than the 4,411 homes sold in January and 14.7 percent higher than the 4,290 homes sold in February 2011.

The median sales price for an existing home in Minnesota was virtually unchanged in February at $124,900, down from $125,000 in January, but was still 0.8 percent higher than the median price of $123,950 in February of last year.

Of the 13 regions that provide data for the monthly report, ten of the regions reported gains in home sales over the previous year with the North Central Region (+308.8 percent) reporting the largest increase while the South Central Region (-11.2 percent) posted the largest monthly decline in sales.

The Seven Twin Cities Region recorded the most sales for the month with an estimated 2,438 home sales, up from 2,184 the previous month, while the Southeast Region followed with an estimated 622 home sales for the month, up from 528 in January.

Year-over-year, six regions posted an increase in their median prices led by the Headwaters Region (+103.6 percent) with the South Central Region (-13.9 percent) posting the largest decline in prices. Three regions had no change in their home prices from the previous year.

The total number of homes available for sale continued to fell dramatically in February with 59,419 homes actively available. That’s down from 105,432 in January and down from 133,164 in February of 2011.

The dwindling inventory left the state with an average 8.6 months supply of homes available for purchase, down from a 16.9 months supply in January and also down from a 20.7 months supply a year earlier.

Tags: existing homes, condos, sales, median home prices, Minnesota

Source:
MAR

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

March 27, 2012 (Shirley Allen)

Monthly and annual sales of existing single-family homes and condominiums improved during February in Minnesota while home prices held steady, remaining virtually unchanged from last month and from last year, according to the latest housing data from the Minnesota Association of Realtors® (MAR).

An estimated total of 4,921 existing single-family homes and condos were sold in the North Star State in February. That was 11.6 percent higher than the 4,411 homes sold in January and 14.7 percent higher than the 4,290 homes sold in February 2011.

The median sales price for an existing home in Minnesota was virtually unchanged in February at $124,900, down from $125,000 in January, but was still 0.8 percent higher than the median price of $123,950 in February of last year.

Of the 13 regions that provide data for the monthly report, ten of the regions reported gains in home sales over the previous year with the North Central Region (+308.8 percent) reporting the largest increase while the South Central Region (-11.2 percent) posted the largest monthly decline in sales.

The Seven Twin Cities Region recorded the most sales for the month with an estimated 2,438 home sales, up from 2,184 the previous month, while the Southeast Region followed with an estimated 622 home sales for the month, up from 528 in January.

Year-over-year, six regions posted an increase in their median prices led by the Headwaters Region (+103.6 percent) with the South Central Region (-13.9 percent) posting the largest decline in prices. Three regions had no change in their home prices from the previous year.

The total number of homes available for sale continued to fell dramatically in February with 59,419 homes actively available. That’s down from 105,432 in January and down from 133,164 in February of 2011.

The dwindling inventory left the state with an average 8.6 months supply of homes available for purchase, down from a 16.9 months supply in January and also down from a 20.7 months supply a year earlier.

Tags: existing homes, condos, sales, median home prices, Minnesota

Source:
MAR

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

March 27, 2012 (Shirley Allen)

Monthly and annual sales of existing single-family homes and condominiums improved during February in Minnesota while home prices held steady, remaining virtually unchanged from last month and from last year, according to the latest housing data from the Minnesota Association of Realtors® (MAR).

An estimated total of 4,921 existing single-family homes and condos were sold in the North Star State in February. That was 11.6 percent higher than the 4,411 homes sold in January and 14.7 percent higher than the 4,290 homes sold in February 2011.

The median sales price for an existing home in Minnesota was virtually unchanged in February at $124,900, down from $125,000 in January, but was still 0.8 percent higher than the median price of $123,950 in February of last year.

Of the 13 regions that provide data for the monthly report, ten of the regions reported gains in home sales over the previous year with the North Central Region (+308.8 percent) reporting the largest increase while the South Central Region (-11.2 percent) posted the largest monthly decline in sales.

The Seven Twin Cities Region recorded the most sales for the month with an estimated 2,438 home sales, up from 2,184 the previous month, while the Southeast Region followed with an estimated 622 home sales for the month, up from 528 in January.

Year-over-year, six regions posted an increase in their median prices led by the Headwaters Region (+103.6 percent) with the South Central Region (-13.9 percent) posting the largest decline in prices. Three regions had no change in their home prices from the previous year.

The total number of homes available for sale continued to fell dramatically in February with 59,419 homes actively available. That’s down from 105,432 in January and down from 133,164 in February of 2011.

The dwindling inventory left the state with an average 8.6 months supply of homes available for purchase, down from a 16.9 months supply in January and also down from a 20.7 months supply a year earlier.

Tags: existing homes, condos, sales, median home prices, Minnesota

Source:
MAR

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.