The market statistics for the week ending November 17 are out. Home buyers are still enjoying record low mortgage interest rates and sellers are seeing their home sell for more money and a bit faster due to the low inventory of homes for sale. These two factors continue to fuel the real estate turn around.
In the Twin Cities region, for the week ending November 17:
∙ New Listings increased 11.4% to 1,046
∙ Pending Sales increased 9.8% to 843
∙ Inventory decreased 29.4% to 14,770