Here is this week’s Skinny on the Twin Cities real estate market from the Minneapolis Area Association of Realtors;
“As we near the halfway mark of 2009, the Twin Cities housing market
continues to show a pattern of robust home sales and declining new
listing activity. Setting aside fluctuations over the Memorial Day
holiday, long-term market improvement can be seen when comparing
2009 to 2008.
There were 1,210 pending sales for the week ending June 13—a
strong 33.8 percent increase from last year. There were 1,970 new
homes added to the market during the same week, a decrease of 2.6
percent from the same week in 2008. That 2.6 percent decline in new
listings is a much smaller drop than we have seen in recent months
when there were typically year-over-year drops of 10 percent or
stronger.”
Market Report for the Twin Cities Area
Market Report for White Bear Lake
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