Real Estate Update

Minneapolis–Saint Paul Real Estate Update
December 12, 2011

As another new year approaches, we find ourselves settling in for the holidays, which typically come with slowed real estate activity. In the first week of the full holiday shopping season, we saw sales increase. We’re talking about residential real estate, of course, although retail performed surprisingly well, too. Sellers listed fewer properties during the week, choosing instead to hunker down in their living rooms rich with the aromas of pine-scented candles and cinnamon cider sticks.

Year-over-year 3-month stats from November to now:

New Listings:
2011: 14,474
2010: 17,058

% change: -15.1%

Pending Sales:
2011: 10,269
2010: 7,847

% change: +30.9%

Click on above graph to enlarge

As reported by the Minneapolis Area Association of Realtors.



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