Here is this week’s Skinny on the Twin Cities real estate market from the Minneapolis Area Association of Realtors;
“The January 2010 Twin Cities housing market has shaped up to be
nearly identical to January 2009.
- Pending sales are down slightly from a year ago, but not by much.
- New listings are down slightly from a year ago, but not much.
- Inventory is rising slowly, but not much.
After the roller coaster ride the local market has experienced over the
last four years, perhaps “not by much” is a welcome respite.
- There were 558 signed purchase agreements for the week ending
January 23, down 2.3 percent from a year ago. - New listings posted 1,522 units, down 0.6 percent from a year ago.
- The current inventory of active listings is 20,629, down 17.5 percent
from a year ago.
The February 2010 Supply-Demand Ratio sits at 6.99, which means
there are 6.99 homes available for each buyer. That’s a drop of 8.5
percent from a year ago and the lowest February mark since 2006.”
-© Minneapolis Area Association of REALTORS®, Inc.-
Market Report for the Twin Cities Area
Market Report for Vadnais Heights
Market Report for Little Canada
Market Report for White Bear Lake
Would you like a real estate Market Report for your area? Just let me know, I will gladly forward you a Market Report for your community. Over 200 Twin Cities communities available!
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment