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Twin Cities Preforeclosure Notices at 2nd Lowest Since 2009

More good news for the Twin Cities Housing Market.  The Minnesota Home Ownership Center just released their Q3 2012 preforeclosure data.

TwinCitiesChart Q3 2012 300x146 Twin Cities Preforeclosure Notices at 2nd Lowest Since 2009

While there was a slight uptick in notices for the third quarter, the numbers are still down a healthy amount from recent quarters and are sitting at just over half of their peak levels.  This continues my mantra that we’ll have elevated numbers of foreclosures and short sales for some time but that the worst is behind us.

And in case you are wondering what is happening in Greater Minnesota, things are looking good as well.  Here’s the statewide (includes Twin Cities) numbers:

StatewideChartQ3 2012 300x149 Twin Cities Preforeclosure Notices at 2nd Lowest Since 2009

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This website is a service of Aaron Dickinson of Edina Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.