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Minnesota Foreclosures Continue Decline

HousingLink just released their latest foreclosure report showing the strong declines in sheriff sales continues.

q1 2013 foreclosure stats Minnesota Foreclosures Continue Decline

 

Once a sheriff sale has occurred, most properties will be listed by the bank that took it back 7-9 months later.  Consequently, the continued decline of bank owned listings for sale on the MLS is all but certain at this point.  When fewer properties go through foreclosure, neighborhood values are higher and we’ve seen this trend for over a year now.  This is great news for sellers but bad news for bargain hunting buyers.

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Disclaimer

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.