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  1. 09-27-2008, 11:14 AM #1
    minnesota-mls
    minnesota-mls is offline Condominium
    Join Date
    Jun 2008
    Posts
    185

    Default Minnesota Real Estate Market Update

    It has been a few months and I thought I would send out a note on the latest updates with our Minneapolis real estate and Minnesota real estate market as a whole.

    New listings put onto the MLS have been down every week compared to last year (for about the last 10 weeks now.) Pending sales have also risen year over year, and the overall inventory of homes for sale on the MLS is shrinking.

    This is certainly good news indeed for our real estate market. With less new homes being put on the market, an increase in pendings, and a decrease in overal inventory, our market here in the Twin Cities is moving back towards a more balanced one.

    It still however is an outstanding time to look at buying a home. With interest rates historically low, supply of homes, condos, townhomes for sale on the MLS still high, and prices at or near the bottom, it certainly is a great time to be a real estate buyer!

    I have faith that prices will be ok in our market long term. Minneapolis and St Paul both have a stable job market, and the overall demand for housing (based on projections) should continue to increase.

    Look forward to hearing from others on what is going on in their local real estate marketplace!
    Minnesota MLS & Minneapolis MLS Search homes for sale in Minneapolis, St Paul at MN Multiple Listing Service. We specialize in buying and selling residential and investment properties. Start Minnesota MLS search for all Minneapolis real estate for sale in Twin Cities, MN
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  2. 02-04-2009, 10:07 AM #2
    Billionaire Agent's Avatar
    Billionaire Agent
    Billionaire Agent is offline Fixer Upper
    Join Date
    Feb 2009
    Location
    Minneapolis, MN
    Posts
    15

    Default Current conditions?

    Whats Minneapolis looking like for 2009? I know Metropolitan Council is funding the demolition of a bunch of otherwise salvageable homes over north. I don't think it's right because I would love to pay less then 10 grand for a fixer upper... any how. I'll post a new thread for this topic.
    http://innovationrealestate.blogspot.com/
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