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Twin Cities Market News Flash

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The Twin Cities real estate market is showing some signs of recovery. One very important number is the Housing Supply-Demand ratio. This ratio shows how many homes are available for sale per one buyer. The Minneapolis Area Association of Realtors is predicting that this figure for April will show a drop in this area for the fourth month in the row.

The highest number of homes on the market per one buyer was in December, 14.38. Since then, the supply has been dropping steadily, and it is projected to close at 7.96 this month.

Here’s the detailed list for the last 8 months:

12.26 10.46 12.45 14.38 10.41 9.09 8.16

Sept.’07 Oct.’07 Nov.’07 Dec.’07 Jan.’08 Feb.’08 Mar.’08

Projected 7.96

April’08

Information Source: Minneapolis Area Association of Realtors

If you are looking for market information for condos, duplexes, or multi-family residential investment properties, email your request to: Marzena@MarzenaMelby.com

Sellers: If you are planning on selling your home within the next six months, call me foe a complimentary market analysis. Hire the agent who has the right tools to find the right buyer for your property.

Buyers: Are you ready?! We offer a free consultation to help you determine the timing and the price range right for you and your situation. We are very knowledgeable about financing options, including special programs and first-time home buyers programs.

If you are relocating to the Twin Cities, contact me for a FREE comprehensive

RELOCATION PACKET.

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Contact Marzena M. Melby, Broker/Partner, Counselor Realty, Inc., Licensed REALTOR® in the state of Minnesota at 612-267-6798 to list your property for sale or to purchase a property in the Twin Cities Greater Metro Area.

Visit my profile to find out more about my services. Call me today at 612-267-6798. If you prefer, contact me by email, by clicking on "email me" link of this page under my profile.

Visit my website to search homes for sale in the Twin Cities and surrounding areas.

Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. Twin Cities Homes 4 Sale Blog does not guarantee, or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Twin Cities Homes 4 Sale Blog represent the opinions and ideas of the author. Twin Cities Homes 4 Sale Blog does not express the views of Counselor Realty, Inc. or its other partners or agents.

Posted by Twin Cities Minnesota Real Estate - Marzena Melby on 04/27/2008 09:14 AM

Comments (6)

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6 Comments on Twin Cities Market News Flash

Marzena--Is that statistic for the 7 county metro or 13 county metro? (I belong to SPAAR so our reports are different...Same numbers different reporting.) I think the northern counties still are taking longer to sell but I have seen homes selling more quickly near the heart of the metro.

04/27/2008 09:42 AM

by Teri Eckholm, Realtor® Anoka County MN (Keller Williams Premier Realty)

Hi Teri ~ The number are for the 13-county region. As you know, they are averages and may vary from some local markets. Since we are so flooded by the negative media reporting, I thought this was worth pointing out.

Here's the link to the MAAR site where you can access this report; it's available to the public:

http://www.mplsrealtor.com/

I hope you are having a good weekend.

04/27/2008 04:14 PM

by Twin Cities Minnesota Real Estate - Marzena Melby (Counselor Realty, Inc.)

Good information for consumers in your area. Glad there are signs of recovery.

04/28/2008 05:50 AM

by GITA BANTWAL, REALTOR BUCKS COUNTY, PA HOMES (ReMax Centre Realtors)

Gita ~ Thanks. I'm glad you stopped by.

04/28/2008 10:06 AM

by Twin Cities Minnesota Real Estate - Marzena Melby (Counselor Realty, Inc.)

Marzena, I'm glad as well to hear that things are picking up in your area and I'm glad it's showing signs of recovery.