Minneapolis Area Association of Realtor’s Weekly Market Update reports continued inventory decline. This week’s report does show a very slight increase in New Listings from last year this time, but with increased Pending Sales the Inventory declined.
The summer months could prove interesting, the market seems to be on it’s way to a shortage of homes for sale…
In the Twin Cities region, for the week ending June 9:
- New Listings increased 0.4% to 1,582
- Pending Sales increased 29.4% to 1,231
- Inventory decreased 31.0% to 17,540
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