Monthly Skinny

MAAR has put out its monthly video clip summarizing what has gone on in the market during the previous month. Click here to watch, its only a couple of minutes long.

Prices Creep Up as Traditional Sales Grow

Thats just one of the positive news items coming from the Minneapolis Area Association of Realtors (MAAR). So what makes that statement true? Well, the overall median sales price went up in the month of June, lender mediated sales continue to drop, yet sales are not slowing. Neither MAAR or myself are saying that things a back to "normal" or that the market has completely recovered, what the stats are showing and what us Realtors are experiencing is movement in the right direction. Its not just one month either, we have seen improvements almost every month this year. As Chelsie Foty (handles member relations for MAAR) puts it: "the market is showing signs of slowly moving back towards balance". Thats all were hoping for too, just a bit of balance.

Click here to see the weekly market activity report, all sorts of fun stats.

UPDATE: I found a link to the story with the stats supporting the title of the post. Click here.