Weekly Market Report for Minneapolis Real Estate

By
Real Estate Agent with Luke Team Real Estate

Weekly Market Activity Report

Buyers were more eager to get back in the game than sellers for the week ending January 15. There were 1,286 new properties added to the Twin Cities residential real estate market, down 22.9 percent compared to the same week last year. This marks the third consecutive week of year-over-year declines in seller activity after three consecutive weeks of year-over-year gains.
There were 558 Pending Sales for the week, down a slight 2.3 percent from year-ago levels. That's the smallest decline in purchase demand in six weeks.
Active listings for Sale were up 6.3 percent to 21,744 homes. That's the fourth consecutive week of decreasing inventory gains compared to last year.

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