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New Listings and Pending Sales

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Listings and Pendings

Inventory

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Inventory

Weekly Market Report

For Week Ending December 24, 2016

As we look toward 2017, the entirety of the U.S. housing market has never been worth as much as it is right now. Housing stock value grew to $29.6 trillion in 2016, regaining all of the value that was lost during the last recession. An upward trend in mortgage rates, mortgage credit and new construction are all common predictions for 2017.

In the Twin Cities region, for the week ending December 24:

  • New Listings increased 32.5% to 359
  • Pending Sales increased 28.1% to 606
  • Inventory decreased 23.9% to 9,469

For the month of November:

  • Median Sales Price increased 5.5% to $231,400
  • Days on Market decreased 15.1% to 62
  • Percent of Original List Price Received increased 0.8% to 96.7%
  • Months Supply of Inventory decreased 24.1% to 2.2

All comparisons are to 2015

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

Weekly Report

Fixed Mortgage Rates Move Higher

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The 30-year mortgage rate rose 2 basis points to 4.32 percent, closing the year with nine consecutive weeks of increases. As mortgage rates continue to increase, home sales and affordability will continue to be a concern for housing in 2017.

Interest Rates

New Listings and Pending Sales

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Listings and Pendings

Inventory

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Inventory

Weekly Market Report

For Week Ending December 17, 2016

As we begin our final descent into 2017, the total value of the housing market has hit its highest point since the early 2000s. With mortgage rates on the rise and prices still increasing in most categories and locations, lower affordability could lead to less demand. However, most real estate professionals remain optimistic about the market and excited for the year ahead.

In the Twin Cities region, for the week ending December 17:

  • New Listings decreased 4.1% to 578
  • Pending Sales decreased 11.3% to 706
  • Inventory decreased 23.5% to 9,978

For the month of November:

  • Median Sales Price increased 5.5% to $231,325
  • Days on Market decreased 15.1% to 62
  • Percent of Original List Price Received increased 0.7% to 96.6%
  • Months Supply of Inventory decreased 24.1% to 2.2

All comparisons are to 2015

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

Weekly Report

December Monthly Skinny Video

Monthly Skinny Video

Existing Home Sales

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Existing Home Sales

Mortgage Rates At Two Year High

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A week after the only rate hike of 2016, the mortgage industry digested the Fed’s decision and this week’s survey reflects that response. Following Yellen’s speech last Wednesday, the 10-year Treasury yield rose approximately 10 basis points. The 30-year mortgage rate rose 14 basis points to 4.30 percent, reaching highs we have not seen since April 2014.

Interest Rates

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My fiancé & I purchased our 1st home thru Joe Kasel. We had a great experience start to finish!
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Alex & Kelsey S.


Thank you for being my Realtor.  What you did to get my lake home SOLD was phenomenal ! It was my l
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Jean F.


Recent Posts

  • Weekly Market Report
  • Weekly Market Report
  • Weekly Market Report
  • Weekly Market Report
  • Weekly Market Report

Testimonials

My fiancé & I purchased our 1st home thru Joe Kasel. We had a great experience start to finish!
Read More...


-
Alex & Kelsey S.


Thank you for being my Realtor.  What you did to get my lake home SOLD was phenomenal ! It was my l
Read More...


-
Jean F.


We LOVE our new home & location! We appreciate all your time & expertise! It has been a plea
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Jeff & Lisa Z.


Joe helped my fiancé & myself find our 1st home. He was quick to respond when we found somethin
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Joe & Allie B.


As we settle into our new home, we reflect on the kind, patient & supportive service you offered
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Tom & Katie P.


Joe definitely went above and beyond in his duties as our Realtor. He took the time to ensure that a
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Kevin & Cathy
, Maple Grove, MN


Just wanted to drop you a note to let you know how pleased we were with the service you performed fo
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Bob & Elaine
, Roseville, MN


My husband Michael accepted a new job and our family needed to relocate as quick as possible from Ra
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Michael & Lori
, Shoreview, MN


Thanks for doing such a great job marketing our home in Arden Hills! It is hard to believe that it w
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Barb & Brian
, Roseville, MN


Our neighbor Bill referred Joe to us after he sold his Mom’s house in St. Anthony. We told our
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Joy & Tom
, Arden Hills


I worked with Joe on the sale of my mother’s home in St. Anthony Village after someone referre
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Bill
, Arden Hills ----mothers' home sold in St. Anthony Village, MN


We could of never accomplished our goals without your help! How often does a Realtor approach the ow
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Bob & Colette
, North Oaks, MN & St. Anthony Village, MN


Back in November of 2009, we decided to sell our town home. We interviewed a number of realtors, but
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Jeff and Sarah
, New Brighton,MN


I just wanted to send you a quick thank you for all your efforts on our behalf in the sale of our ho
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John & Judy
, New Brighton, MN


In today’s real estate market, Joe knows exactly what to do!    Throughout the sales cycl
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Tina M
, NE Minneapolis, MN


STAY IN TOUCH

JOE KASEL
Sales Executive
612-532-1177
Joe@KaselHomes.com

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