2 Truths and a Lie: Twin Cities Real Estate Edition Can you Spot the Lie Correct Answer!

  • New Listings decreased 5.0% to 1,757
  • Pending Sales decreased 11.0% to 1,454
  • Inventory decreased 19.5% to 7,906


Although summer has come to an end, experts are expecting an unusually busy fall market, as sellers continue putting more homes on the market, hoping to take advantage of record-high sales prices and strong buyer demand. The National Association of REALTORS® reports the median existing home price was up 17.8% year-over-year, and new listings were up 7.3% in July compared to June, defying seasonality trends typically seen in the fall.
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