With spring comes the welcoming of another season: the annual springtime seller’s market. Low inventory levels nationwide are inching sales prices higher and dropping the number of days that homes are staying on the market. With interest rates remaining unexpectedly low, there is even more incentive for buyers to competitively bid on new listings. In the Twin Cities region, for the week ending March 26:
• New Listings decreased 15.9% to 1,488
• Pending Sales increased 4.4% to 1,384
• Inventory decreased 17.9% to 12,214
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