My customers have been struggling lately. We are back to multiple offers and houses selling in days. Seems like we go through this about every 6 months (inventory loosens up, life is easy, then back to the fire with no inventory and a sellers paradise-multiple offers).
According to the Minneapolis Association of Realtors, there was a 21% decline in inventory since this time last year! Whoa. We have seen almost a 6% increase in sales price. This article from the Star Tribune has some great other details.