New housing activitiy affect fence sales

According to the Minneapolis Area Association of Realtors the median sales price for a home in Minneapolis, Minn., improved annually for the 12^th consecutive month in February, indicating strong and sustainable growth.

The start of 2013 showed several trends, including improved pending purchase activity, inventory declines, higher prices and less activity in the distressed market.

In February, there were 2,736 closed home sales, down 4.7% from a year earlier. The number of homes for sale dropped 31.6% to 12,202 active listings. This represents the lowest number since January 2003.

Pending sales totaled 3,689 in February, up 2.0% from the year before. The median sales price jumped 15.5% to $160,000.

"We’re watching seller activity almost more than buyer activity," said Andy Fazendin, president of MAAR. "Bank listing activity is down while traditional seller activity is up." That’s encouraging.

Sterling Fence Inc. has seen increased sales due to new home purchases. Many people who move into a new home need wood fence, chain link fence or ornamenal fence aroudn their yards for security and safety when they have children or dogs, Sterling Fence Inc, can provide this.