More good news on the housing front: new listings are down over 11 percent from where they were last year. Fewer houses on the market means an increase in demand, something the housing market hasn’t had much of in the past few months.
“There’s a long ways to go before we’re out of the buyer’s market, ” said Pat Paulson of Exit Lakes Realty in Wayzata. “It’s a long process, but it starts with reduced seller activity.”
Read “Housing market more stable as listings decrease” in the Star Tribune.
