I have two buyers in the $125,000 - $150,ooo price range that are struggling to find houses when just a few months ago there was a lot more inventory to choose from. This weekend my clients wanted to see a total of 11 houses - I found out that 4 were already sold subject to inspection and of the remaining 7, only 2 had no offers on them. One of my buyers has offered on 6 different homes and been outbid by others every time. These experiences are quite common in my office right now! While our local statistics … [Read more...]
Houses for Sale in Twin Cities Down Below 2006 Levels
November 23, 2009 by Leave a Comment
(Image courtesy MAAR, click for larger version) Houses for sale in the Minneapolis/St. Paul area have been dropping since May of this year; a sharp contrast to prior years where inventory stayed high until September. New listings are down versus the same time last year and sales are so far ahead that inventory is dropping quickly. This has lead to scarcity of inventory at certain price points, types and areas. This time of year brings both colder weather and a cooler housing market. Buyer activity is lower … [Read more...]
