The Minneapolis Area Association of Realtors published this week’s report and it continues to show what we’ve been seeing for the past several months. There are fewer sellers out there and many more homes are going pending this year compared to last year at this time. While that information is helpful on the macro level for the Twin Cities, if you’re selling in the western suburbs that scenario above is not totally accurate.
While many cities are seeing listing activity decrease, the sales activity is slowing faster than the reduction in inventory. As a result, the supply gap is not improving.
Click here for this week’s full report.
