The Minneapolis Area Association of Realtors has released the latest market statistics for the week ending April 27, 2013. The housing market is becoming increasingly competitive with the low inventory and rising sales!

In the Twin Cities region, for the week ending April 27:

• New Listings increased 2.9% to 1,519
• Pending Sales increased 17.3% to 1,308
• Inventory decreased 28.8% to 13,291