« August Housing Supply Outlook | Main | KARE 11 Home Appraisals Story »

August 12, 2009



Granted that there are more buyers looking for deals out there, so we see an increase on a buying side. However, isn't it also seasonal to see the supply side of the equation go down regardless of the number of buyers. It can mislead consumers by saying that the supply is going down because there's an increase of buyers.

Jeff Allen

Hi Jason-

Even taking into account typical seasonal variations you reference, the drop in supply has been pretty dramatic -- we've lost 7,000 units compared to the same time last year. It's a direct result of a) increased sales absorption and b) weak new listings.

-- Jeff

The comments to this entry are closed.

The Skinny

  • Sponsored by Royal Credit Union www.rcu.org

Today in the Market

  • Updated every Monday with the latest activity from the Twin Cities housing market.

  • A quick and easy monthly look at the Twin Cities housing market.

  • A look at the supply of homes for sale and absorption rates in the Twin Cities by price range, property type and construction status.

  • Monthly housing activity updates for more than 350 cities in the Twin Cities metropolitan area.

  • The definitive annual housing market report of sales and price trends, historical data and commentary for the entire Minneapolis–Saint Paul metropolitan area.

  • An interactive market analytics tool from 10K Research and Marketing, a division of the Minneapolis Area Association of REALTORS®. Updated nightly.