New inventory continues to come on the market at lower rate than a year ago while pending sales continue to out pace a year ago. This gives us low inventory of homes for sale.
If you have been wanting to sell but have been holding off because of the market, I suggest you give me a call and let’s put your home on the market to take advantage of this opportunity. We are certainly off to a good Spring Market so far.
Next week we will see the the stats for January.
In the Twin Cities region, for the week ending January 28:
• New Listings decreased 17.5% to 1,090
• Pending Sales increased 22.9% to 833
• Inventory decreased 23.5% to 17,762
Read Full Report from Minneapolis Area Association of Realtors
- Twin Cities Weekly Real Estate Market Update, Jan 30 2012 (craigkamman.com)