The Minneapolis Area Associatiion of Realtors has released the latest market statistics for the week ending April 20, 2013. Inventory continues to dwindle and buyers are having a hard time finding a home to buy, prices are rising and this scenario has been playing out for over a year now.
In the Twin Cities region, for the week ending April 20:
• New Listings decreased 4.5% to 1,601
• Pending Sales increased 9.7% to 1,337
• Inventory decreased 28.4% to 13,258