Twin Cities home sales for the week ending April 21, 2012 hit 1,281 signed contracts, which is the 2nd highest level since 2006. The highest week was the week ending May 1, 2010 (1,469) and was spurred on by the expiration of the home buyer tax credit.
The surge of home sales continues and shows no signs of slowing down. Buyer activity remains very strong while potential home sellers seem reluctant to list their homes for sale, which is leading to more multiple offers and a feeding frenzy on the choicest of homes.
There is so much good news in the market today I worry about being labeled a shill for the industry. I hope you look at my past posts and see that I look at this market with a healthy dose of skepticism, but I’m really having a hard time finding anything negative to mention!
Want to see more stats? Take a look at the latest Twin Cities Weekly Market Update.