The Minneapolis Area Association’s weekly real estate market update continues to show increased Pending Sales and dwindling Inventory. This latest report shows the New Listings matched almost even with last year. The market can continue to handle additional inventory at this time, however this is an important metric to watch as we head into the spring market.
In the Twin Cities region, for the week ending March 10:
• New Listings decreased 0.3% to 1,450
• Pending Sales increased 20.9% to 995
• Inventory decreased 24.3% to 17,899
Read Full Report from MAAR
- Twin Cities Weekly Real Estate Market Update – week ending March 3, 2012 (craigkamman.com)