Here's the latest from Mpls Area Association of Realtors.  They predict that the market will remain stable.  I concur, barring no major negative economic news.  Inventory levels look good & my listings are Selling, Selling, Selling.  If you are remotely thinking about selling, now may be the time.  Give me a call & I will do a market for your home to see where things are at in your neighborhood.

Most economists expect the housing recovery to continue, even with rising mortgage rates.  New household formations & tight supply should keep bolstering markets & shield homeowners from downside price risk.  Price gains should inspire sellers to add new inventory to the market.  Although inventory & other metrics will begin to taper from seasonal highs, they are likely to remain above last year's levels.


In the Twin Cities region, for the week ending August 24:

• New Listings increased 15.7% to 1,485

• Pending Sales increased 17.8% to 1,144

• Inventory decreased 9.2% to 16,180