The Minneapolis Area Association has released the current market statistics for the week ending March 2, 2013 and for the month of February 2013.  The number of buyers is still on the rise and the number of properties for sale continues to decline which is really becoming a problem.

In the Twin Cities region, for the week ending March 2:
• New Listings increased 0.9% to 1,422
• Pending Sales increased 12.0% to 1,001
• Inventory decreased 31.0% to 12,371

For the month of February:
• Median Sales Price increased 15.5% to $160,000
• Days on Market decreased 22.2% to 112
• Percent of Original List Price Received increased 3.4% to 93.7%
• Months Supply of Inventory decreased 40.8% to 2.9