Minneapolis Real Estate Market Stats for November - Monthly Skinny - Twin Cities, MN

MAAR's Monthly Skinny

The real estate market in Minnesotais continuing to see positive movement. As you will see here in MAAR's Monthly Skinny were MAAR's President, Steve Havig recaps the performance of the Twin Cities real estate market. 

 

Here are a few of the video's key points for Minnesota's Real Estate Market in the Twin Cities Metro Area for the month of November of 2009. 

• Strong home sales + shrinking supply = signs of stabilization
• Median Sales Price: $170,000
• Pending Sale: 2,987 which is a 10% increase over Nov 08
• Closed Sales: 4,304 an astonishing 67% increase over Nov 08 

Find out what your city's real estate market trends are

We project with the holidays and the extension of the tax credit we will see a slight lull in Minnesota's Twin Cities real estate market through the first of the year.

There is great opportunity for home buyers and sellers in todays Minnesota Housing Market. Interest rates are low, supply is shrinking and tax credits still available to first time home buyers with an expansion to additional qualifying buyers.

Don't be left behind, get out there today!

 

Helpful Links:

• More Minnesota Real Estate Market Trend Reports
• Tax Credit Overview
• FREE Home Search