Holiday Hangover?
For the second straight week, the distractions of a holiday placed the Twin Cities housing market in a holding pattern. While new listings jumped from their holiday-reduced nadir the week before, they remain 25.8 percent behind the same week last year. Newly signed purchase agreements (pending sales) increased as well, but to a slighter degree than listings. Once again, the vagaries of the holiday mean these numbers have little meaning relative to the underlying market conditions.
Here's this week's numbers.
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