In case you have been wondering why housing prices have been going up, the infographic below from Keeping Current Matters clearly illustrates one of the forces at play. Nationwide, foreclosure inventory is the lowest it has been in over 7 years and Minnesota is one of the lowest. In July 2015, 92.7% of Twin Cities metro area home sales were traditional listings… meaning not foreclosures or short sales. Gone are the days of foreclosure fire sale prices… 'real people' selling their homes for 'real prices' for normal 'real life' changes are back!
Sharlene Hensrud, RE/MAX Results – Email – Minneapolis – St. Paul Real Estate Market
The team at HomesMSP - Sharlene, John, Angela – Minneapolis-St. Paul Realtors