The Minneapolis Area Association of Realtors has released the market statistics for the week ending December 1, and for the month of November. All signs continue to be positive and they are optimistic that this trend will continue into 2013.

In the Twin Cities region, for the week ending December 1:

∙ New Listings increased 0.7% to 1,019
∙ Pending Sales increased 18.6% to 977
∙ Inventory decreased 29.0% to 14,260

For the month of November:

∙ Median Sales Price increased 16.9% to $173,000
∙ Days on Market decreased 25.9% to 103
∙ Percent of Original List Price Received increased 3.7% to 94.3%
∙ Months Supply of Inventory decreased 40.6% to 3.4