Christine Hazel

MENUMENU
  • Home
  • Search
  • Featured Homes
  • For Buyers
    • Free Consultation
    • Mortgage Calculators
    • The Loan Process
    • Mortgage Glossary
    • Finding A Loan Officer
  • For Sellers
    • Free Consultation
  • News
  • About Christine
    • My Solds
    • Meet The Team
  • Contact

Weekly Market Report

December 21, 2020 by Christine Hazel

For Week Ending December 12, 2020

The National Association of Home Builders reports that lumber prices are rising again. After hitting an all-time high of near $950 per thousand board feet in September, prices slid to near $550 per thousand board feet in October but are now above $650 per thousand board feet in December. High lumber prices have contributed to significant price increases in most new construction homes this year and increases the costs of remodeling as well. A tariff reduction expected this month may help soften lumber costs in the coming weeks.

In the Twin Cities region, for the week ending December 12:

  • New Listings increased 23.6% to 870
  • Pending Sales increased 10.0% to 838
  • Inventory decreased 36.5% to 6,421

For the month of November:

  • Median Sales Price increased 10.7% to $310,000
  • Days on Market decreased 33.3% to 34
  • Percent of Original List Price Received increased 2.8% to 100.2%
  • Months Supply of Homes For Sale decreased 38.1% to 1.3

All comparisons are to 2019

Click here for the full Weekly Market Activity Report. From MAAR Market Data News.

Filed Under: Inventory, RSS

Christine Hazel

Christine Hazel is a full-time, dedicated Realtor licensed in Minnesota with more than 10 years of real estate experience and success... (read more)

  • Calculators
  • Finding A Loan Officer
  • The Loan Process
  • Mortgage Glossary
  • Metro Markets
  • Communities
  • Schools
  • Calculators
  • Finding A Loan Officer
  • The Loan Process
  • Mortgage Glossary
  • Metro Markets
  • Communities
  • Schools

Sign up for eNews & Updates

Get Connected on Social Media

  • Facebook Link
  • Linkedin Link

eNewsletter Archives

Greet me and meet me on social media. You can follow my new listings and changes in the marketplace on any of the following. Follow me.

Navigation

  • Calculators
  • Finding A Loan Officer
  • The Loan Process
  • Mortgage Glossary
  • Metro Markets
  • Communities
  • Schools

Keep in Touch!

Realtor & Housing
Licensed In Minnesota

All information deemed reliable but not guaranteed and should be independently verified.

Copyright © 2023 | Limelight Marketing Systems