The Holidays are over and everyone has returned to their regularaly scheduled lives, as evident by the number of cars on the road during rush hour, but we are also seeing the number of new listings coming to market rising.
New listings rose to 688 for the week— while pending sales posted a number of 378.
A few additional stats for the New Year:
Housing Affordability continues at historic levels: rising to 208 for January, an 8.3 percent increase from the previous year and a good sign for buyers in the year to come.
The Months’ Supply of Inventory is back in balanced market territory at 5.0 months. This is a dramatic 34.2 percent under the supply at the beginning of last year.
For the full market report visit
http://www.mplsrealtor.com/downloads/market/WMAR/wmar.pdf
Can Stafford Family Realtors help you find your new home in this buyer's market? Let us know how we can assist you!
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