Real Estate Analysis: It's a Seller's Market in the Twin Cities
With the housing market is off to a promising start this year, there's historically low inventory in the Twin Cities.
According to an analysis by researchers at the University of St. Thomas, the low inventory is causing a shift from a buyer's market to a seller's market.
The inventory of homes for sale in the area continues to drop. In January of 2013 there were 11,977 homes for sale which is down 32 percent from 17,655 homes for sale in January 2012.
Researchers also noted home prices in January of 2013 were up over home prices in January 2012.
Click here to read the analysis.