market conditions: Twin Cities Market Stats....dark clouds and silver linings?
- 02/18/09 12:50 AM
The Twin Cities Metro has seen the real estate bubble burst in many areas. Reviewing stats from the Minneapolis Area Association of Realtors, it shows what areas have been hardest hit by this tsunami. Here some stats for you to chew on: 10 Twin Cities areas where foreclosure and short sale listings make up the greatest share of homes for sale. Since these properties take a much bigger price hit than conventional home sales, this is in part an index of downward pricing pressures in those areas as a whole: 1) Brooklyn Center, 65.9 percent; 2) Minneapolis North, 64.9; 3) St. … (0 comments)
market conditions: Latest Minneapolis Area Home Statistics - Week of 3/10/08
- 03/12/08 07:39 AM
The Twin Cities housing market still continues to see some continued pressure. Latest statistics are still tough...but there is some good news regarding home buyers in the Twin Cities area. I'll get to that in a minute, but first, here are some of the statistics: Average Days on Market: February 2008 - 165 Days (2/07 was 147 days) Pending Sales: February 2008 - 680 (2/07 was 715) New Listings: February 2008 - 2014 (2/07 was 1936) Active Listings for Sale: February 2008 - 30,112 (2/07 was 26,348) Percent of Original List Price Received: 91.1% All of these items above paint an unfavorable picture for the homeseller...but wait...here is … (0 comments)
The Twin Cities Metro has seen the real estate bubble burst in many areas. Reviewing stats from the Minneapolis Area Association of Realtors, it shows what areas have been hardest hit by this tsunami. Here some stats for you to chew on:;)
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