Well, I just returned from a quick trip to sunny AZ and have had a busy week, with two sales & a wrap up of an inspection on a 3rd that sold right before I left.  Inventory levels are low at a little over 12,000 properties on the market.  A balanced  market is 20,000.  So if you're thinking about selling, let me know. I'm happy to give you a free pricing analysis for your home.  Here's the latest update from Mpls Area Association of Realtors.

 

As we hit February, mortgage rates continue to remain low, bringing about a high dosage of optimism to the market. While some reports attempt to dissect drops in builder confidence with a negative-bent attitude, low rates seem prepped to steer potential buyers toward getting their own set of house keys, curbing the pessimism of market naysayers.

In the Twin Cities region, for the week ending February 14:

• New Listings increased 12.1% to 1,298
• Pending Sales increased 15.6% to 920
• Inventory decreased 3.7% to 12,410