Twin Cities home sellers continued to list fewer properties than last year at this time, as new listings were down 11.8 percent to 1,342. That makes for 11 consecutive weeks of declines. Meanwhile, buyer activity was up 53.3 percent over last year, the largest increase in 12 weeks and the 15th consecutive week of double-digit gains.
Inventory has been a winner all summer, and we haven’t broken the positive pattern yet. The number of active listings for sale was down 20.0% from 2010 to 24,183 homes. That’s the largest decline since the beginning of 2004 and represents more than 6,000 fewer homes on the market than at this time last year.
A flurry of housing and employment reports due out this week could set the stage for the rest of the year. These two economic indicators are more closely tied than ever.
In the New Brighton Area:
There are 26 ACTIVE LISTINGS. There was 1 NEW LISTING last week. There were NO PENDING LISTINGS. There was 4 SOLD LISTINGS.
In the Buffalo Area:
There are 102 active homes on the market today. There were 5 new listings, 5 pending and 5 sold this past week.
In the Coon Rapids Townhouse Market:
There are 108 active townhouses on the market today. There were 3 new listings, 3 pending homes, and 0 sold this past week.
In the Crystal Area:
There are 59 ACTIVE LISTINGS. There were 4 NEW LISTINGS last week. There were 2 PENDING LISTINGS. There were NO SOLD LISTINGS.
In the Elk River Area:
There are 326 ACTIVE LISTINGS. There were 23 NEW LISTINGS last week. There were 15 PENDING LISTINGS. There were 16 SOLD LISTINGS.
To read more about the local market check out The Skinny.