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2010 Twin Cities House Prices – Fall Forecast

Twin Cities Median Sales Price - All Properties (image courtesy Minneapolis Area Association of REALTORS) What does the fall and winter 2010 hold for Twin Cities home prices? If the last couple years are any benchmark, we should see median sales prices drop substantially... most likely back to the $155,000-$160,000 range that we have seen the last two years.  The fact that buyer activity has slackened since the expiration of the tax credits and our very seasonal market make this a pretty safe bet to make. It is … [Read more...]

Profit & Loss: Twin Cities Real Estate 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.  Since most real estate agents & brokers earn their incomes from commissions based on the sales price of the home, you can see how incomes for the agents and their brokers are down … [Read more...]

Foreclosures and Short Sales Skewing Twin Cities MLS Statistics

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 2008 was $220,000, down only 3.9% in the last 12 months, while the Median Sales Price for the bank mediated listings was only $155,000, down a substantial 10.4% in the last 12 months. … [Read more...]


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.