Monthly Skinny: August 2011 (twin cities real estate market update)


 August 15th, 2011 Market Update from the Minneapolis Area Association of Realtors.  They do a pretty good job of summarizing the market.   Inventories are down while prices are still dropping – however the good news is if the inventory keeps dropping then prices will begin to stabilize.  Remember we are getting close to a balanced market, to reach a balanced market we should have a 5 to 6 month inventory of homes – we are now at 7.6month supply.  Things appear to be getting better!

 

Advertisements

5 Comments

Filed under Uncategorized

5 responses to “Monthly Skinny: August 2011 (twin cities real estate market update)

  1. Pingback: Twin Cities Real Estate Market Update for Week of August 22, 2011 « John Murphy Reports

  2. Pingback: Twin Cities doesn’t have a housing inventory problem, we have a jobs problem. « craigkamman

  3. Pingback: Twin Cities MLS Weekly Market Update, week ending Sept 24, 2011 | craigkamman

  4. Pingback: Weekly Twin Cities Real Estate Market Update. Week Ending Oct 1, 2011 | craigkamman

  5. Pingback: Craig Kamman — Twin Cities Weekly Real Estate Market Report, week ending October 15 2011. Absorption rate: 6.8 month supply of homes

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s