For the first time in several months, monthly home sales fell slightly in the Twin Cities metro. During February there were 4.7 percent fewer closed sales compared with last year, but pending sales - an indication of future closings - were up slightly. That's according to a monthly report from the Minneapolis and St. Paul Area Associations of Realtors.
Agents say that near-record low inventory - there was just a 2.9-month supply during February - has stifled sales by making it difficult for prospective buyers to find suitable listings.
Other highlights from the report: