The Minneapolis Association of Realtors just published the June Housing Supply Outlook.  Three key points stand out:

• The number of townhomes sold in the Twin Cities metro increased by 0.4% over last year. The majority of these sales was in the under $120,000 range and most were foreclosures and short sales.
• The supply of homes on the market is down considerably. Currently there is a 7.6 month supply of homes, down from 10.4 months compared to the same time period a year ago.
• Encouragingly, sales are up in the lower priced homes. However, home sales in the higher price ranges are still down.

Click here for the full Housing Supply Outlook.

Tags: Housing Market, Housing Supply, Twin Cities

Posted on Friday, June 12th, 2009 at 4:55 pm and is filed under Housing Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.