Current Twin Cities Market Conditions for fall 2008
Wednesday, October 15, 2008
The past 3 years in the Twin Cities saw a continued declines in sales in per month compared to the year prior as well as inventory of homes for sale growing during that same time. The market in the spring of 08 began to see changes in inventory so that this fall our inventory is 10% less than the same time last year and the units sales are on the increase since July of 08 that was a the 1st positive turn in sales since sales of July of 05. John Tucillo, economist, has said that both of these signs are positive indicators that we are turning the corner in Twin Cities real estate.