Weekly Real Estate Market Report
For Week Ending October 15, 2011 Publish Date: October 24, 201
Another week in the books arrived with another strong showing from buyers,Â
who ramped up their purchase activity this round. Seller activity fell short ofÂ
the same week last year. The net result is that inventory is continuing to dropÂ
compared to a year ago.
Balance is still the name of the game here and right now we are heading in theÂ
right direction, with the Months Supply of Inventory currently sitting at 6.8, theÂ
lowest September mark since 2004.
In the Twin Cities region, for the week ending October 15:
Â â€¢ New Listings decreased 17.5% to 1,166
Â â€¢ Pending Sales increased 35.0% to 794
Â â€¢ Total available inventory decreased 21.2 percent to 22,374