Twin Cities Duplex Inventory Grows
If it seems like there are more duplexes, triplexes and fourplexes for sale in the Twin Cities, there are.
In fact, May saw 229 active multifamily listings. One year ago during the same month, there were just 166 across the seven-county metro area. There were 158 new listings over the 31 days. This too eclipsed May 2023 which saw just 130 new listings. That may not seem like much, but it does represent an increase of 21.5%. To date 2023 is reminiscent of 2022 when the market saw 763 new listings and 1003 actives over the first four months.
Is that a problem?