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Twin Cities Traditional Home Sales Surge in January

January 2012 saw traditional home sales surge 28% versus January 2011 after having also posted 21% gains in December versus the year prior.

January 2012 Twin Cities closed home sales. Data derived from RMLS. Image courtesy Minneapolis Area Association of REALTORS.

As foreclosure and short sale inventory continues its decline and buyer demand continues to rise, buyers are coming back in force into what used to be our bread-and-butter housing market: the traditional home seller. One concern has been whether buyers who had grown accustomed to the bargains offered by foreclosures would be willing to purchase a more expensive home listed by a traditional seller. As recent months have shown, when buyers have no alternative, they will buy traditional seller properties.

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TwinCitiesRealEstateBlog.com is not a Multiple Listing Service MLS, nor does it offer MLS access.
This website is a service of Aaron Dickinson of Edina Realty, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.