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June 2016

The Statistics for May have been crunched and analyzed by the Minneapolis Association of Realtors. There are no real surprises...

May 2016 as compared to May 2015 showed the following:

1) Closed sales were up 5.3%

2) Pending sales were up 9.9%

3) The # of Homes for Sale were down 20.6% ~ leaving a 2.7 month supply of homes on the market. (A healthy buyer/seller market has a 5-6 months supply of homes for sale.)