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

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

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

The Minneapolis Area Association of Realtors has released the latest market statistics for the Twin Cities.

In the Twin Cities region, for the week ending February 2:
• New Listings decreased 9.6% to 1,120
• Pending Sales increased 1.8% to 872
• Inventory decreased 31.4% to 12,213

For the month of January:
• Median Sales Price increased 14.3% to $160,000
• Days on Market decreased 24.1% to 107
• Percent of Original List Price Received increased 2.5% to 93.5%
• Months Supply of Inventory decreased 42.0% to 2.9