Foreclosures at lowest levels since 2007

The chart below recently released by the Minneapolis Area Association of REALTORS dramatically illustrates how closely home prices are tied to foreclosure activity.

Foreclosure prices 2013

As foreclosures spiked up in 2007-2008, sales prices spiked down. As foreclosures dropped this year, prices improved, also helped by the short supply of inventory. In August 2013, 82.2% of new listings were traditional sales (not foreclosures or short sales). Read the full report.

AUG2013-new listings by type

Sharlene Hensrud, RE/MAX Results – EmailTwin Cities Real Estate Market


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I love what I do! Highly insightful, analytical and creative, there is nothing I love more than helping you find the right solution for your real estate transition. My mission is to serve my clients with honesty and integrity, exceeding their expectations in service and support… and to help others by donating a portion of every transaction to Habitat for Humanity.

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