(graphic modified from Minneapolis Area Association of REALTORS report)Using a little cut-and-paste magic, I wanted to take a look at the impact of the housing market's shift over the last 4 years. Comparing total sales volume (in Dollars) in 2008 vs. 2005 shows that we're ...
In the first quarter of 2007, sold homes reported by the MLS were 90% "Traditional Sellers" and 10% "Bank Mediated Sellers" (bank owned foreclosures and/or short sales).In the first quarter of 2008, these "bank mediated" listings comprised more than 27% of the sales. The Median Sales Price of homes sold by Traditional Sellers in Q1 ...