As the year draws to a close we can truly be thankful for the positive changes in the real estate market this year. Recovery is happening slowly as there are still foreclosures, short sales and all but there are also lower days on the market and higher prices. We are on the right track and all the signs point to the momentum continuing into 2013 and beyond! Take a look at the latest market statistics for the Twin Cities from the Minneapolis Area Association of Realtors.
In the Twin Cities region, for the week ending December 15:
• New Listings decreased 3.6% to 773
• Pending Sales increased 10.1% to 762
• Inventory decreased 28.9% to 13,630