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Twin Cities Home Sales Plummet

The fallout from the tax credit expiration continues to be felt by home sellers, agents, home inspectors, loan officers and appraisers – showings and Pending Sales are both down about 40% versus the same time last year!
May 2010 Home Showing Stats

(data prior to April 2009 is not complete)



Twin Cities Homes for Sale - Pending Sales

This is certainly not surprising – many of the buyers that would have bought later this year had great incentive to make an offer earlier in the year.  What remains to be seen is what happens with home sales after this bad hangover is over.  When the statistics for the last week of May are released next week I suspect we’ll see the same tepid activity – I know it was pretty quiet in my office last week!

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  1. [...] Pending Home Sales Continue DropTwin Cities Pending Home Sales Continue DropWritten on June 8, 2010Last week I discussed the precipitous drop in Twin Cities Pending Home Sales activity.  Today MAAR released [...]

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TwinCitiesRealEstateBlog.com is not a Multiple Listing Service MLS, nor does it offer MLS access.
This website is a service of Aaron Dickinson of Edina Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.