Twin Cities Market Update
The Minneapolis Area Association of Realtors (MAAR) market activity report for the week ending March 16, 2013 has found the following. New listings have increased 4.9%, Pending Sales have increased 11.9% while inventory has decreased by 30.1%. This confirms what many industry insiders are saying in that the Twin Cities RE Market continues to improve with more buyers making their moves to purchase their first home while interest rates and prices are so relatively low. In time, this should also help those homeowner’s who would like to move up but have held back in recent years due to their homes decline in equity. With today’s low inventory, now is a great time to sell your home and make that move.
