Market Tightens While No One’s Looking

Quick quiz:

When was the last time that Twin Cities housing inventory was as low as it is now?

A. June, 2008
B. January, 2003
C. August, 2001
D. March, 2006

Correct answer: D.

What’s so significant about that?

Tight supply — along with easy money — was the kindling that lit a fire under home prices . . . right around early 2006 (at least, that the was last, big upward move).

Hat tip to City Lakes’ Budd Batterson for that statistic.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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