As we near the halfway mark of 2009, the Twin Cities housing market continues to show a pattern of robust home sales and declining new listing activity. Setting aside fluctuations over the Memorial Day holiday, long-term market improvement can be seen when comparing 2009 to 2008.
There were 1,210 pending sales for the week ending June 13—a strong 33.8 percent increase from last year. There were 1,970 new homes added to the market during the same week, a decrease of 2.6 percent from the same week in 2008. That 2.6 percent decline in new listings is a much smaller drop than we have seen in recent months when there were typically year-over-year drops of 10 percent or stronger.
VIEW FULL REPORT
Posts
No comments:
Post a Comment