As usual new listings have leveled off in Hennepin and Ramsey Counties, but pending sales have skyrocketed this month. The number of closed sales in Hennepin and Ramsey have decreased 16% in Hennepin and 10% in Ramsey. These kind of numbers lead St. Paul and Minneapolis real estate professionals to believe the market is returning to more normal levels for July.
The above figures were based on information from the Regional Multiple Listing Service of Minnesota, Inc. for the period June 1, 2007, through July 31, 2007. Information is deemed reliable but not guaranteed.
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