A perspective on the Minneapolis/St. Paul housing market
(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 down 40% in the 3 years since the market’s peak. [...]
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 [...]
This blog is written by Aaron Dickinson, a REALTOR with Edina Realty. Views expressed are the views of Aaron Dickinson and not of Edina Realty or any other organizations that Aaron is affiliated with.
Aaron Dickinson
Edina Realty
1-800-941-0959
Licensed in MN
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