After six months of lower year-over-year pending sales numbers, the Twin Cities has finally posted an improvement in sales activity. The week ending 12/4/10 saw 606 pending home sales versus 551 in the same period a year ago, which is an increase of 10% from the prior year's figure. Pending sales are properties that have accepted offers but have not yet closed. You'll notice that each week there's been an improvement in year-over-year comparisons and that is partly due to the artificial demand we saw last year … [Read more...]
