Twin Cities Housing Market Update
Overall, the summary of 2011 in the Twin Cities RE Market was increased sales and decreased inventory. Thankfully, this is positive for our Real Estate Market. According to NorthstarMLS, for the week ending December 24th, New Lstings decreased 9.6%, Pending Sales increased 48.4% and Inventory decreased 24.4%. This trend is expected to continue in this favorable direction as ultra low mortgage interest rates continue to improve the market conditions. Contact John today to see how much of a mortgage that you may qualify for.
