There are fewer homes to choose from for today's prospective buyers than there were a year ago. There are
currently 32,978 residential housing units up for sale in the Twin Cities region, down 5.5 percent-or about
2,000 units-from this time last year. The cause of the lessened supply is a decrease in new listings combined
with more homes coming off the inventory list by way of "sold" signs. For the week ending July 26, there were
only 1,816 new listings, a drop of 16.5 percent from one year ago. Newly signed purchase agreements (pending sales)
for the same year-over-year comparison increased by 5.1 percent. Less supply coupled with promising signs of demand
have created a new market picture. In August, our Supply-Demand Ratio  indicates that there will be 8.68 homes for
sale per buyer, a decrease of 4.2 percent from one year ago. This is the second consecutive month of downward
year-over-year movement in this metric, which is a good thing.

                                             Search by City

Albertville    Anoka Arden Hills  Blaine  Bloomington Brooklyn Park   Champlin Chanhassen Chaska Columbia Heights Coon Rapids  Corcoran Crystal Dayton Deephaven  Eden Prairie  Edina  Elk River Golden Valley  Greenfield Fridley

Hopkins Independence Long Lake Maple Grove  Medina  Minneapolis   Minnetonka Mounds View                    New Hope Orono   Plymouth   Robbinsdale   Rogers Roseville St. Anthony  St. Louis Park  St. Michael  Shakopee  Shoreview Shorewood Wayzata