Twin Cities 2008 4 Qtr Statistic on Foreclosed Homes

For those interested in Minneapolis real estate  Lender Mediated ( foreclosed and short sales ) stats by city,  you can click here to go a report   put out by the Minnesota Area Association of Realtors and use this interactive report to click on the city of interest to see what is happening in Lender Mediated listings and traditional listings ( non-lender mediated ). The statistics vary depending on locality. If you compare the city of Edina with the city of Brooklyn Center, you will see quite a disparity.   The cities with housing stock at or below the Twin Cities median price for housing, seem to be hit the hardest with foreclosures.  This report is a great tool to analyze where a buyer may make a purchase.   If a buyer is a believer in the axiom "buy low-sell high", he or she might look at the hardest hit areas for value.  If a buyer wants a more stable purchase, the buyer may want to look at a locality that has taken a less severe decrease in pricing.  This report will available for only a short period since the data will be outdated in the near future.  Enjoy.