According to the Minneapolis Area Association of Realtors for 2013, a few things seem likely. Expect interest rates to remain low and rents to rise, which will continue to drive buyer activity. Sellers should return to the marketplace in light of the improvements. Prices should remain firm and show moderate to strong gains. Foreclosure activity and job growth remain wildcards, but momentum is heading in the right direction.
In the Twin Cities region, for the week ending December 29:
• New Listings decreased 40.1% to 358
• Pending Sales decreased 12.6% to 442
• Inventory decreased 30.0% to 12,916