For  the week ending August 20, Twin Cities home sellers continued to list fewer
properties than last year at this time, as new listings were down 11.8
percent to 1,342. That makes for 11 consecutive weeks of (still welcome)
declines. Meanwhile, buyer activity was up 53.3 percent over last year, the
largest increase in 12 weeks and the 15th consecutive week of double-digit

Inventory  has been a winner all summer, and we haven’t broken the positive pattern yet.
The number of active listings for sale was down 20.0% from 2010 to 24,183
homes. That’s the largest decline since the beginning of 2004 and represents
more than 6,000 fewer homes on the market than at this time last year.

A  flurry of housing and employment reports due out this week could set the stage
for the rest of the year. These two economic indicators are more closely tied
than ever.

Although these numbers represent all of the metro area, Hutchinson’s real estate market reflects all these same trends.