Here's the latest scoop from the Mpls Area Association of Realtors.
As we press through May, the residential real estate market is really hitting its
paces. Sales activity has been plentiful and REALTORS® are busier than ever. The
As we press through May, the residential real estate market is really hitting its
Bureau of Labor Statistics recently released April numbers, and they are still quite
positive. The nation added 223,000 jobs and the national unemployment rate
dropped to 5.4%. The need for more inventory is an ongoing issue, but not one
that thwarts optimism in the marketplace.
In the Twin Cities region, for the week ending May 9:
• New Listings increased 7.1% to 2,117
• Pending Sales increased 24.0% to 1,526
• Inventory decreased 1.8% to 15,518
