provided by MAAR
The January 2010 Twin Cities housing market has shaped up to be nearly identical to January 2009.
-Pending sales are down slightly from a year ago, but not by much.
-New listings are down slightly from a year ago, but not much.
-Inventory is rising slowly, but not much.
After the roller coaster ride the local market has experienced over the last four years, perhaps "not by much" is a welcome respite.
-There were 558 signed purchase agreements for the week ending January 23, down 2.3 percent from a year ago.
-New listings posted 1,522 units, down 0.6 percent from a year ago.
-The current inventory of active listings is 20,629, down 17.5 percent from a year ago.
The February 2010 Supply-Demand Ratio sits at 6.99, which means there are 6.99 homes available for each buyer. That's a drop of 8.5 percent from a year ago and the lowest February mark since 2006.
CHAD ELLIOT, REALTOR© The Hennepin Group, LLC Keller Williams Realty 17205 Yale Street NW, Suite D Elk River, Minnesota, 55330 | Mobile: (651) 795-1147 Fax: (763) 241-0187 Email: chadelliot@kw.com | |
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