home prices: Under 10,000 Active Listings in the Twin Cities!!! - 01/10/13 12:46 PM
Under 10,000 Active Listings in the Twin Cities!!!
I looked at the monthly numbers today. December shows 2.9 months of active inventory. This equates to about 11,900 active listings. For comparison, we had almost 29,000 listings in July of 2010.
Here's the interesting fact though, there are many listings under contract so we actually have about 9,400 active listings that are not under contract. I can't see any month or year where we've ever had so few listings!
 
So what does this mean for you as a buyer or seller?
As a buyer, it means prices are going up. Maybe … (2 comments)