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Monthly Indicators <br /> spaar <br /> A RESEARCH TOOL PROVIDED BY THE SAINT PAUL AREA ASSOCIATION OF REALTORS4 <br /> BETTER AGENTS • BETTER COMMUNITIES <br /> SAINT PAUL AREA ASSOCIA? LON OF REALTORS® <br /> May 2013 Quick Facts <br /> + 12.7% + 15.1% - 22.3% <br /> We're halfway through the year and it seems our collective attention has shifted from one Year Change in One Year Change in One Year Change in <br /> Closed Sales Median Sales Price Homes for Sales <br /> monitoring price and sales gains to eagerly anticipating more new listing activity on <br /> the part of sellers.This shift is the result of an imbalance between strong demand for <br /> homes and constrained supply. In some markets, purchase agreements are being Activity Overview 2 <br /> written up directly after a showing.Your experience and local market conditions may New Listings 3 <br /> differ, but the market as a whole has summertime heat. Pending Sales 4 <br /> Closed Sales 5 <br /> New Listings in the Twin Cities region increased 26.2 percent to 8,332. Pending Days On Market Until Sale 6 <br /> Sales were up 18.5 percent to 5,872. Inventory levels shrank 22.3 percent to 14,375 Median Sales Price 7 <br /> units. Average Sales Price 8 <br /> Prices turned higher.The Median Sales Price increased 15.1 percent to$194,450. Percent of Original List Price Received 9 <br /> Days on Market was down 29.8 percent to 87 days.Absorption rates improved as Housing Affordability Index 10 <br /> Months Supply of Inventory was down 30.6 percent to 3.4 months. Inventory of Homes for Sale 11 <br /> Months Supply of Inventory 12 <br /> Interest rate risk is back in the headlines after Fed chief Ben Bernanke's latest Area Overview (Andover to Hudson) 13 <br /> testimony on Capitol Hill.The Federal Reserve Bank is considering decreasing its Area Overview (Hugo to Zimmerman) 14 <br /> $85 billion a month bond asset purchases, which have been holding interest rates at <br /> or near historic lows.This is mostly the result of an improving jobs market, which is a Residential real estate activity is comprised of single-family properties, <br /> good thing for real estate. townhomes and condominiums combined.Percent changes are calculated <br /> using rounded figures. <br /> Click on desired metric to jump to that page. <br /> ® All data comes from NorthstarMLS.Powered by 10K Research and Marketing. j 1 <br />