Twin Cities Year End Stats
Thursday, January 15, 2009
The Twin Cities real estate market had some highs and some lows. Enclosed is a report from Minneapolis Area Association of Realtors.
Several highlights you will find are that:
1. Sales were slightly up for 2008 over 2007.
2. Average and Median Sales Price in the Twin Cities were down.
3. Inventory of homes for sale has decreased.
4. Months of inventory has decreased since 2007.
5. The biggest positive is that affordability of housing in the Twin Cities is 36% better than at this time last year.
If you would like more information don't hesitate to contact me.
Click on link below for all details from this report:
