Minneapolis Area Association of Realtors weekly market report is out and shows continued inventory decline. I don’t know how many different ways that can be said, but it is same old report every week – which is great!
In the Twin Cities region, for the week ending September 22:
• New Listings decreased 1.1% to 1,295
• Pending Sales increased 22.8% to 1,078
• Inventory decreased 29.4% to 16,428
Read Full Report from MAAR
In other words: There are 191 fewer homes for sale now than a week ago. At this rate, we may see inventory drop below 16,000 by the end of October.