Monday, August 17, 2009

Twin Cities Housing Market

The July numbers are in……There were 5,174 signed purchase agreements last month in the Twin Cities. This is up 16.0 percent from July 2008. New listings in July were 7,669 which is the lowest July output since 2002. Sales have grown and new listings have slowed. As of August 1, there were 25,862 homes for sale in the region, down 21.6 percent from a year ago. Buyer activity is strong in the Twin Cities.

At Contractors Capital, we can help you with all your loan needs. If you are ready to buy, we can help. Please contact us at 763-784-3400 or visit our website at www.contractorscapital.com for more information.

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