With mortgage rates remaining low, the time
may be ripe for renters to invest in something beyond a 12-month lease as rental
affordability is beginning to border on unaffordability.
In the Twin Cities region, for the week ending March 14:
• New Listings increased 20.6% to 1,765
• Pending Sales increased 14.3% to 1,040
• Inventory increased 1.4% to 13,523
For the month of February:
• Median Sales Price increased 9.3% to $200,000
• Days on Market increased 7.1% to 106
• Percent of Original List Price Received increased 0.7% to 94.2%
• Months Supply of Inventory increased 3.3% to 3.1
