Minneapolis Area Association of Realtors Weekly report shows continued improvement. I am watching the inventory levels closely because this determines if their is need for more housing units to be added to the supply.
As we move through the summer months, historically fewer new listings will hit the market. If that happens, we could be looking at a serious shortage of housing units. It is hard to believe…
In the Twin Cities region, for the week ending June 16:
• New Listings decreased 3.7% to 1,476
• Pending Sales increased 19.8% to 1,173
• Inventory decreased 31.0% to 17,517
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