Where has the Twin Cities real estate market been and where is it heading? This monthly summary provides an overview of current trends and projections for future activity. Narrated by Jeff Allen (Research Director, Minneapolis Area Association of REALTORS®), audio recorded by Zach Foty and video produced by Chelsie Lopez. Click here to view in a separate window or just check the embedded clip below:
Sure, but homes listed today between $250k and 450k are still 30% overpriced. Simple as that.
Lower the prices and you'll see buyer activity. Buyers are wise and have done the math.
Makes it difficult for the real estate agents when sellers are either underwater at those prices or wanting to cash in on the extreme high rate of return (if they've owned for a mere 10 years).
LISTEN TO THE SIMPLICITY. HOME PRICES ARE STILL IN THE BUBBLE. LOWER THE PRICES :)
Posted by: Minneapolis | October 20, 2010 at 06:10 PM
It is really all going to come down to inventory. If inventory decreases because of either buyer demand or just fewer homes being listed, then we will see true price stabilization. If not- hold on to your hats, it going to be a bumpy ride.
Posted by: Ray Klotz-Edina Realty | October 25, 2010 at 09:26 AM
Hold on to your hats guys!
Posted by: Minneapolis | October 25, 2010 at 09:40 AM