Here's the Latest from MAAR:
Buyer activity in the Twin Cities housing market remains low compared to the past several years, with newly signed purchase agreements (pending sales) for the week ending May 12 falling 21.8 percent behind the same week in 2006. Seller activity posted an increase of 4.7 percent for the same year-over-year comparison—the first annualized increase in four weeks.
Inventory continues to grow as the summer selling season approaches. There are approximately 34,000 single-family housing units for sale in the metro area, 11.6 percent more than were available at this time last year. New construction homes comprise 16.5 percent—roughly 5,550 units—of total inventory.
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