Twin Cities Real Estate Market Update Dec 2022

Twin Cities Real Estate …”Housing supply continues to grow nationwide, as higher borrowing costs cause

home sales to slow. According to Realtor.com’s Monthly Housing Market Trends

Report, the national inventory of active listings increased 33.5% year-over-year in

October, the highest inventory level since 2020. As a result, local buyers may find

they have more options to choose from, and with homes spending more days on

market compared to the same period last year, a bit more time to shop around as

well.

FROM MINNEAPOLIS AREA REALTORS®