Tuesday, April 14, 2009

Sales Up/Inventory Down!

Recent data indicates that the last couple of weeks have seen an increase in activity in the market - busiest week for sales in two years. Inventory (the culprit behind the market slowdown) is down substantially from a year ago. This is one small step towards market stability. See the information below from the Minneapolis Area Association of Realtors -

* 1004 sales reported for week ending April 4 - as 28.7 percent increase over the same week last year and the single best week since May of 2007

* There are currently 26,085 homes on the market - 17.5 percent below this time last year.

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