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Monthly Market Update

Here is the latest statistics from Minneapolis Association of REALTORS.

The short of it is that we have increased pending sales by 7.4% over last February, but keep in mind that over 60% of these sales were "lender mediated" sales, or foreclosures and short sales.

Also the number of new listings has decreased by 19% compared to last year. This means there are less homes on the market

See the whole video here.

 
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