Here is this week’s Skinny on the Twin Cities real estate market from the Minneapolis Area Association of Realtors;
“As summer progresses, the Twin Cities housing market continues on a
well-established pattern of shrinking supply and growing sales. New
listings for the week ending July 11 were 1,867—a 13.7 percent
decrease over last year but a nice pickup after the annual July 4
slowdown. Pending sales rose to 1,007, a year-over-year increase of
16.6 percent. That’s not as much of a year-over-year expansion as the
30-plus percent growth this number has seen recently, but it still
represents a trend of growing demand.
Active listings are at 26,279, a decrease of 21.3 percent from this time
last year. Coupling this with a shrinking number for Months Supply of
Inventory and a flattening of our Average Days on Market, it’s apparent
that the buyer advantage over sellers is waning, at least in the lower
price ranges.”
Market Report for the Twin Cities Area
Market Report for White Bear Lake
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