Minnesota Real Estate Weekly Update

2,313 new listings came onto the market here in the Twin Cities this past week. This is a modest 0.5% decrease from 2007. 780 properties went pending, a decrease of 18.1% compared to last year at this same time. 31,615 active listings are now on the market. The overall inventory level is only 3% higher than where the market stood last year.

As far as the supply/demand ratio, we have 7.96 houses on the market for every one buyer. For comparison sake, we had 6.5 houses on the market per one buyer in April 2007, and we had 5.28 houses on the market in April of 2006.

Currently we have 9.6 months worth of inventory on the market, up 23.9% compared to 2007.

The Minnesota Real Estate continues to offer help for buyers, sellers, and investors alike. We have our real estate 101 investing seminar this Wednesday night at 6:30 PM. Please call 952-223-1150 for more info!

Year to date, the team has sold 187 properties! The market is not all down...not all "doom and gloom!" Work with a professional on your next purchase or sale....work with the #1 Real Estate Team in Minnesota, The Minnesota Real Estate Team!