Here is this week’s Skinny on the Twin Cities real estate market from the Minneapolis Area Association of Realtors;
“Activity continues to pick up in the Twin Cities housing market as
sellers and buyers bid a sad farewell to the Viking’s football season
and the dormant holiday market begins to thaw. New listings, sales
and inventory are steadily increasing as we prepare for the spring
selling season.
For the week ending January 16 there were 571 signed purchase
agreements, up 4.0 percent from a year ago. That’s only the second
week of year-over-year increase in the last nine. New listings were 8.3
percent higher than a year ago at 1,668, and the total inventory of
homes available for sale currently sits at 20,459, down 18.9 percent
from last year at this time.
With an extreme shortage of inventory in some of the lower price
ranges, new listings may be welcome in that segment for the first time
in several years. In the upper price ranges, sales activity is still
declining and new sellers face a tougher market.”
-© Minneapolis Area Association of REALTORS®, Inc.-
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