As we near the halfway mark of 2009, the Twin Cities housing market continues to show a pattern of robust home sales and declining new listing activity. Setting aside fluctuations over the Memorial Day holiday, long-term market improvement can be seen when comparing 2009 to 2008.
There were 1,210 pending sales for the week ending June 13-a strong 33.8% increase from last year.

There were 1,970 new homes added to the market during the same week, a decrease of 2.6% from the same week in 2008. That 2.6% decline in new listings is a much smaller drop than we have seen in recent months when there were typically year-over-year drops of 10% or stronger.

Tags: Home Listings, Homes Sales, Housing Market, New Homes, Real Estate Market, Roseville Homes, Shoreview Homes

Posted on Tuesday, June 30th, 2009 at 11:50 am and is filed under Homes, 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.