Mn Realtors report for the week

Twin Cities Realotrs Report

For this week the Minneapolis Area Association of Realtors came out with data that points to a seasonally driven ascent towards some decent buyer activity.  The most positive piece of data shows that affordability in the Twin Cities is up roughly 5% over last year.  Essentially meaning more Minnesotans can now purchase a home.

Minnesota Homes For Sale

Any Realtor in our market will tell you its still a buyers market.  The data drives that point home with 8.4 homes for every 1 buyer.  This is up 42% from last year.  

The Good News for Minnesota Sellers

We say the smallest increas in inventory since August of 2010 proving that the run up in inventory is slowing as the tax credit hangover is loosening its grip.

For up to the minute data on the Twin Cities Housing Market call 952 943 1324, or visit www.JoeAndCindy.com

To read the entire weekly report compiled by the Realtors Assoc go to:

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