Here is this week’s Skinny on the Twin Cities real estate market from the Minneapolis Area Association of Realtors;
“The Twin Cities housing market in early 2010 looks pretty much like it
did in early 2009. How similar? Over the last three months, there have
been 7,189 signed purchase agreements; there were 7,186 a year ago
during the same time period. Eerie, no? Robotic precision.
For the week ending February 13, there were 711 pending sales, down
2.7 percent from last year, and new listings posted 1,764 units, up 4.9
percent from a year ago. The only thing that’s really changed much is
the supply of available homes, which continues to dwindle relative to a
year ago. The current stock of 22,271 available homes represents a
12.4 percent decline from a year ago.”
-© Minneapolis Area Association of REALTORS®, Inc.-
Market Report for the Twin Cities Area
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