Just Listed brings you the latest news and information from the Twin Cities-area commercial and residential real estate market and beyond from veteran reporters Jim Buchta and Kristen Leigh Painter.

Pending home sales in the Twin Cities posted a rare increase last week

Posted by: Jim Buchta under Buying Updated: September 2, 2014 - 4:00 PM

Home buyers in the Twin Cities outdid themselves last week. During the week ending August 23, there was 4.5 percent increase in pending home sales in the metro. Pending sales, an indication of future closings, have been down for much of the year because as investors exit the market and traditional buyers replace them. This was the first increase since July 5, but unlikely the beginning of a trend. Home sales this year are expected to fall short of 2013. Here's a link to the complete weekly report.

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT