Minnesota Real Estate Weekly Update

Finally some good news for the Twin Cities real estate market! Only 1,774 new listings came on the market this past week. This is down 26.3% from the exact same time in 2007! In addition, 763 properties went pending. The number of newly signed purchase agreements (pendings) has been climbing each week. This too is a good sign for our market. Overall inventory levels remain at 30,904 active listings. This is up 5.5% from the same time in 2007.

The Minnesota Real Estate Team continues to have a strong sales year here in 2008. Year to date, the team is up 69.4% in total transactions compared to 2007. The team has 163 accepted sales on the books.

If you are investor looking to invest in real estate...a seller needing to sell....a seller needing to short sale...a first time homebuyer looking for advice....really whatever your real estate need may be, give us a call today at 952-223-1150. We have been the #1 real estate team in Minnesota the last two years running, and we pride ourselves doing anything we can to help out our clients.

Lastly, tune in Saturdays, 3-5 PM, to The Minnesota Real Estate Show on 100.3 KTLK, FM. We take any any all of your real estate related questions.

Look for another real estate update next week!