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Home Sales Improve in Minnesota But Pace Slows
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Home Sales Improve in Minnesota But Pace Slows
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
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Home Sales Improve in Minnesota But Pace Slows
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August 1, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums improved in Minnesota during June but slowed considerable following May’s 30 percent jump in sales according to the latest housing data from the Minnesota Association of Realtors® (MAR).

An estimated total of 8,873 existing single-family homes and condos were sold in the North Star State in June. That was 5.0 percent higher than the 8,449 homes sold in May and 5.1 percent higher than the 8,442 homes sold in June 2011. It was the 12th consecutive month that home sales improved year-over-year.

The median sales price for an existing home in Minnesota increased by 6.6 percent in June to $159,900, up from $150,000 in May, and was 10.4 percent higher than the median price of $144,900 in June of last year.

Of the 13 regions that provide data for the monthly report, seven of the regions reported gains in home sales over the previous year with the East Central Region (+33.9 percent) reporting the largest increase while the Upper Minnesota Valley Region (-42.0 percent) posted the largest monthly decline in sales.

The Twin Cities County Region recorded the most sales for the month with an estimated 4,430 home sales, up from 4,111 the previous month, while the Southeast Region followed with an estimated 1,163 home sales for the month, up from 1,089 in May.

Year-over-year, all 13 regions posted an increase in their median prices led by the Upper Minnesota Valley Region (+23.0 percent) followed by the West Central Region (+21.2 percent).

The total number of homes for sale was virtually unchanged from May with 51,019 homes actively available for purchase in June, up slightly from 50,928 in May.

Despite the higher amount of sales, the slight increase in inventory left the state with an average 7.2 months supply of homes available for purchase, unchanged from May.

Homes in Minnesota took an average of 94 days to sell in June, down from 102 days in May.

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

Source:
MAR

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August 1, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums improved in Minnesota during June but slowed considerable following May’s 30 percent jump in sales according to the latest housing data from the Minnesota Association of Realtors® (MAR).

An estimated total of 8,873 existing single-family homes and condos were sold in the North Star State in June. That was 5.0 percent higher than the 8,449 homes sold in May and 5.1 percent higher than the 8,442 homes sold in June 2011. It was the 12th consecutive month that home sales improved year-over-year.

The median sales price for an existing home in Minnesota increased by 6.6 percent in June to $159,900, up from $150,000 in May, and was 10.4 percent higher than the median price of $144,900 in June of last year.

Of the 13 regions that provide data for the monthly report, seven of the regions reported gains in home sales over the previous year with the East Central Region (+33.9 percent) reporting the largest increase while the Upper Minnesota Valley Region (-42.0 percent) posted the largest monthly decline in sales.

The Twin Cities County Region recorded the most sales for the month with an estimated 4,430 home sales, up from 4,111 the previous month, while the Southeast Region followed with an estimated 1,163 home sales for the month, up from 1,089 in May.

Year-over-year, all 13 regions posted an increase in their median prices led by the Upper Minnesota Valley Region (+23.0 percent) followed by the West Central Region (+21.2 percent).

The total number of homes for sale was virtually unchanged from May with 51,019 homes actively available for purchase in June, up slightly from 50,928 in May.

Despite the higher amount of sales, the slight increase in inventory left the state with an average 7.2 months supply of homes available for purchase, unchanged from May.

Homes in Minnesota took an average of 94 days to sell in June, down from 102 days in May.

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.

August 1, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums improved in Minnesota during June but slowed considerable following May’s 30 percent jump in sales according to the latest housing data from the Minnesota Association of Realtors® (MAR).

An estimated total of 8,873 existing single-family homes and condos were sold in the North Star State in June. That was 5.0 percent higher than the 8,449 homes sold in May and 5.1 percent higher than the 8,442 homes sold in June 2011. It was the 12th consecutive month that home sales improved year-over-year.

The median sales price for an existing home in Minnesota increased by 6.6 percent in June to $159,900, up from $150,000 in May, and was 10.4 percent higher than the median price of $144,900 in June of last year.

Of the 13 regions that provide data for the monthly report, seven of the regions reported gains in home sales over the previous year with the East Central Region (+33.9 percent) reporting the largest increase while the Upper Minnesota Valley Region (-42.0 percent) posted the largest monthly decline in sales.

The Twin Cities County Region recorded the most sales for the month with an estimated 4,430 home sales, up from 4,111 the previous month, while the Southeast Region followed with an estimated 1,163 home sales for the month, up from 1,089 in May.

Year-over-year, all 13 regions posted an increase in their median prices led by the Upper Minnesota Valley Region (+23.0 percent) followed by the West Central Region (+21.2 percent).

The total number of homes for sale was virtually unchanged from May with 51,019 homes actively available for purchase in June, up slightly from 50,928 in May.

Despite the higher amount of sales, the slight increase in inventory left the state with an average 7.2 months supply of homes available for purchase, unchanged from May.

Homes in Minnesota took an average of 94 days to sell in June, down from 102 days in May.

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.