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March brings a seller?s housing market to Twin Cities

Wednesday, April 10, 2013

It might not look like spring, but Twin Cities home sales are heating up.

Last month, buyers outnumbered sellers, triggering double-digit price increases and bidding wars in the metro’s most popular neighborhoods.

“Low inventory is what’s holding back sales right now,” said Herb Tousley, director of the real estate program at the University of St. Thomas.

“It’s not totally a seller’s market,” Tousley said. “But it’s certainly turning that way.”

 

Originally published: 04/10/2013, Star Tribune