This week’s weekly market update from Minneapolis Area Association of Realtors shows the continued trend of decreasing inventory. Pending sales are making their seasonal downward trend but remain 24.2% above a year ago. This inventory level hasn’t been seen since 2004.
In the Twin Cities region, for the week ending September 8:
• New Listings increased 2.2% to 1,273
• Pending Sales increased 24.2% to 940
• Inventory decreased 29.6% to 16,458
Read Full Report from MAAR