Minnesota Real Estate Market Coming Back

August 23, 2011

Is the Minnesota Real Estate market finally balancing out?  Recent statistics from the Minneapolis Area Association of Realtors may just show us that it is.  Seller activity still remains below levels we saw in 2010 while buyer activity is on the rise as we have seen in the past.  We are now seeing the largest year over year increase in pending sales since 2008 and specifically in the local real estate market I work which happens to be St Louis Park, it seems that every third St Louis Park listing is now pending.    This months supplies of listing inventory has enjoyed its first decline in a year.