Twin Cities foreclosure and short sale inventory continues to drop like a rock, with foreclosures for sale down an astounding 60% and short sales for sale down 54% from their peaks:
With buyer demand remaining strong and with substantially fewer foreclosures and short sales being listed than in the last few years, foreclosures and short sales for sale should continue to decline. This bodes well for traditional sellers who will have less competition for their homes but comes as a disappointment to many home buyers that have been bargain shopping and hoping for higher inventory. While we still have a long ways to go before we are done with foreclosures and short sales, their impact in the housing market continues to decline.
