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Tuesday, May 27, 2008The Minnesota Real Estate Team - The #1 RE/MAX Team in Minnesota
The new market statistics came out today, and we have some good news to report! 2,183 new properties came onto the market last week, a decline of 17.8% compared to last year at this time. 902 properties went pending, an INCREASE of 1.7% compared to last year at this time. And the overall inventory levels remain at 33,354, a decrease of 2% compared to last year. Average days on market also dropped from last month to 154 days. Currently there are 7.53 houses for every one buyer here in the Minneapolis real estate market.
Year to date, The Minnesota Real Estate Team continues to see increased activity for our buyers and seller. We have 237 accepted closings on the books, an increase of over 69% compared to last year alone.
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Posted By: Ryan O'Neill @ 4:18:11 PM