Here is this week’s Skinny on the Twin Cities real estate market from the Minneapolis Area Association of Realtors;
“The Labor Day fluctuations came and went, and the Twin Cities
housing market is better for it. Pending sales for the week ending
September 13 rose dramatically to 1,043, which is 33.5 percent above
last year’s total for the same week. We must assume that a healthy
chunk of this buyer activity can be attributed to first-time home buyers
taking advantage of the tax credit before it expires on November 30.
New listings came in at 1,846, up 3.2 percent in a year-over-year
comparison. Home sellers have recognized a window of opportunity in
recent months and are listing with a little more frequency, but the
overall inventory of houses for sale is still below that of the last three
years and our Supply-Demand Ratio (which measures the number of
houses available per buyer) remains 30.3 percent better than where
we were a year ago.”
-© Minneapolis Area Association of REALTORS®, Inc.-
Market Report for the Twin Cities Area
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