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Twin Cities Real Estate Numbers April 2012
 
Twin Cities Real Estate Numbers April 2012
 Today I’m talking to sellers. Understanding your opportunity is about understanding the market.
 “Opportunity?” you say, with both disdain and confusion in your voice. “What kind of opportunity does a seller have right now?!”
 
Well here’s the situation. Active listings in the Twin Cities have been steadily dropping for months and buyer activity has been wayyyyy up. I’m no economics major but it seems like a dwindling supply and dramatic increase in demand means good things for sellers.
 Let’s get into real numbers here: We’re down to 4.5 months of inventory, which is a 45% decline from a year ago… WOW! As a matter of fact, we haven’t had this few active listings in Twin Cities Real Estate since 2004. Keep in mind that back in 2004 we hardly had any distressed property (bank owned and short sales) so we actually have fewer traditional listings than we had in 2004!
 Combine that with the fact that we have a 28% increase in Pending listings (listings with a contract on the way to being sold) and we actually have opportunity for you the seller!
 
You say, “You want proof!” OK, OK, there’ve ... more

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