Minnesota Real Estate Weekly Update

For the week ending March 8th, 2093 new listings were put onto the market here in the Twin Cities area. 682 properties received an acceptable offer and went pending, and 30,453 active listings remain on the market. The pending sales for this week dropped almost 19% compared to the same time last year.

Despite attractive interest rates, motivated sellers, and the plethora of properties to choose from, buyers still seem a but "unsure" about moving forward.

Without sounding too trite, it is an unbelievable time to be looking to purchase any real estate here in the Twin Cities. Owner occupied buyers and investors alike have a buying opportunity that many experts feel will not be back for a long, long time.

Our team, The Minnesota Real Estate Team, continues to move forward with optimism here in 2008. We have 148 accepted sales set to close already here for 2008, and our team goal is 500 transactions.

Whether you are a buyer or a seller who is looking to sell, please call us today at 952-223-1150. Our team is here to help you out however we can!

Look for another real estate update here next week!