Twin Cities Inventory Falling
The Twin Cities has seen the peak inventory levels for the year in September and now begins its precipitous fall… likely falling from current levels of approximately 34,000 homes in the 13 county metro to 25,000 by year-end.
While this may sound good to sellers, it isn’t. Inventory is falling but this time of year buyer demand falls faster than your competition. What this means for buyers is that there is less and less choice this time of year but the homeowners that are on the market may be more willing to negotiate with you.
Posted by Aaron Dickinson - Edina Realty on 10-01-2007 at 11:10 pm
Posted in Info for Buyers, Info for Sellers, Market Stats
Twin Cities MLS Listings Nearing Peak-Minneapolis/St. Paul Median Home Sales Price Falls-Edina Realty Leads the Twin Cities Market-Twin Cities New Construction Down 31% Over 2006 Through August-
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