Market is Back

By
Real Estate Sales Representative with Minnetonka Real Estate Services

the twin cities market for the most part is back with huge buyer activity and inventory declining. For the first time since the summer of 2005 the buyer property ratio is level, meaning there 5 homes for every active buyer which is normal for our market with inventory at 25-26k with the existing foreclosure inventory included. when the forclosures are sold off, there could be a bigger demand on the market as first time buyers take advantage of the credit. because the buyers are starting to wain on purchasing foreclosures because of the time to get one done, they are going after real sellers to purchase who then in turn do the same etc, right up the price ranges.

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Rainer
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Tim Buffham

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