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December new listings in Orono were behind December 2005 by 30.0 percent, posting 7 units as <br /> compared to 10 units the year previous. The Twin Cities market saw new listings increase by 3.9 <br /> percent over last year. <br /> At the end of December there were 88 single-family units available on the market in Orono, which <br /> should begin to increase in early 2007 as the market remerges from its holiday hibernation. The <br /> entire Twin Cities region had 22,834 units available for purchase at the end of the month, <br /> considerably from November but still 19.6 percent higher than at the same point in 2005. <br /> Homes in Orono took an average of 167 days to reach purchase agreement, while homes in the <br /> entire Twin Cities market took 134 days to do the same. <br /> Orono had an average sale price in December of$1,691,150, an increase of 164.9 percent from <br /> the same time last year. The Twin Cities metropolitan area as a whole saw an average sales <br /> price of$285,930 for the month of December, up 2 percent from December 2005. MAAR expects <br /> price growth for the entire region to be near 1 percent in 2007. <br /> It is important to note that some of the data referenced in this press release is for only one month <br /> of activity.As such, the figures can sometimes look extreme due to the relatively small sample <br /> size. For broader historical market information on Orono, please feel free to contact us. <br /> Thanks, <br /> Bill Gerst <br /> VP Public Affairs <br /> Minneapolis Area Association of REALTORSO <br /> 952.988.3141 <br /> billq(o�mplsrealtor.com <br /> Jeff Allen <br /> Public Affairs Specialist, Research Manager <br /> Minneapolis Area Association of REALTORSO <br /> 952.988.3126 <br /> jeffa(c�mplsrealtor.com <br /> To unsubscribe to this newsletter, please respond to leffa(a�mplsrealtor.com and place the word <br /> "REMOVE"in the subject line. <br /> O 2006 Minneapolis Area Association of REALTORSO. All rights reserved. <br />