The Minneapolis Area Association of Realtors has released the market statistics for the week ending March 9, 2013. Interest rates have increased slightly but that has not scared off the buyers. Sellers still appear afraid to put their homes on the market resulting in the continuation of a shortage of homes available for sale.
In the Twin Cities region, for the week ending March 9:
• New Listings decreased 6.1% to 1,361
• Pending Sales increased 10.9% to 1,019
• Inventory decreased 30.7% to 12,476