Small signs continue to point to change in buyer activity in the Twin Cities housing market. Sales remain down compared to one year ago but are once again declining at a smaller degree than seen in the past 12 months. For the week ending February 3, new listings were statistically even with this time in 2006 and pending sales were 8 percent behind. With improved absorption, housing inventory is increasing at a slower rate than last year. There are currently 26,000 homes for sale in the region, up 15 percent over this time last year. (MAAR)
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