Active Listings in The Twin Cities at a Low Point

Single Family homes for sale in the Twin Cities Metro Area bottomed out last fall, and have flatlined since. We have not experienced our typical spring surge of inventory yet. Current inventory levels are just over 10,000 active listings, after a peak in 2008 of a little over 20,000 active listings. All Active listings are noted on the Magenta Line. Traditional listings show a slow and steady increase from last Summer, while the distressed sales show an equal decline over the same time period.

Inventories of distressed sales peaked in 2011, and have slowly declined since. Lower numbers of active listings can be attributed to a robust buyer demand as indicted by strong levels of pending and closed sales.

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About Jon Perkins

Jon is the Lead agent for the Perkins Team with RE/MAX Results. Jon has been selling homes accross the Twin Cities since 1985. Jon works with his wife Mary Beth and his team of real estate professionals to provide the highest level of service available in the real estate industry.

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