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Minnesota Realtors Report: Market Activity

By Posted in - News & Press on May 4th, 2011 0 Comments

Minneapolis Realtors Association Report

Market activity for the Twin Cities Metro

The new report with market actvity was just released through the week of May 2nd.  Some of the key findings are trends that we have seen so far this year.   Declining inventory, Declining Sales, and Increasing affordability for buyers.

According to the Minneapolis Realtors Group: Pending Sales were down 25.2 percent to 886 purchase agreements signed, representing 10 consecutive weeks of double-digit year-over-year declines in Pending Sales.

Inventory levels dipped briefly at this time last year, which helped to end 11 consecutive weeks of progressively growing year-over-year inventory declines. At 22,917 Active Listings for Sale, there are 13.0 percent fewer homes for sale than at Pending Sales were down 25.2 percent to 886 purchase agreements signed, representing 10 consecutive weeks of double-digit year-over-year declines in Pending Sales.Inventory levels dipped briefly at this time last year, which helped to end 11 consecutive weeks of progressively growing year-over-year inventory declines. At 22,917 Active Listings for Sale, there are 13.0 percent fewer homes for sale than at the same time last year.

This date reported on the Minneapolis Area Association of Realtors Web Site

View the report:

http://www.mplsrealtor.com/downloads/market/WMAR/wmar.pdf

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