Minnesota Real Estate Weekly Update

More good news for the Twin Cities real estate market! 1,971 new listings came onto the market, however this was a refreshing 14.8% drop compared to last year at this exact same time! Pending sales were down only 15.9% compared to last year, with 719 properties receiving acceptable offers. Overall inventory levels went to 31,176 listings. This is only a 4.7% increase over last year. Lastly, there are currently 7.96 houses on the market for every one buyer.

These numbers show that the local market here is not as bad as many think. Buyers continue to make offers and pick up properties at great prices.

The Minnesota Real Estate Team also has seen an increase in overall activity for our agents. Year to date, we have 177 accepted sales set to close. This is up 73% compared to last year at this exact time.

For all of your real estate needs, call us at 952-223-1150. We were again the #1 real estate team in Minnesota in 2007! Put us to work for you!

Look for another real estate update next week!