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Monday, June 04, 2007The Minneapolis Real Estate Weekly Update
The Twin Cities Real Estate Market still continues to have a huge supply of active mls listings for sale. Right now, inventory levels are near the 43,000 active listings on the market here in the Twin Cities area alone. To give you an idea, four years ago, the Twin Cities had about 11,000 actives on the market.
With this huge increase in townhomes in Minnesota, Minnesota condos, mls listings mn, mls listings minnesota, minnesota duplexes, minneapolis duplexes, minnesota investment property, and all other types of properties found on the minnesota mls, sellers are really being forced to price their properties realistically. They also are being forced to get the home in tip top condition!
Bank owned listings are becoming much more common as well. With so many foreclosures here in the Twin Cities, you are seeing more and more bank owned listings for sale.
With our team's marketing plan, we have seen an increase in sales of about 13% this year (compared to last year's sales at this exact time.) With our Guaranteed Sale program, our two hour radio show, The Minnesota Real Estate Show, our local television advertising, as well as our internet advertising, we are still getting properties sold for our sellers. To date, our team has 144 sales for 2007.
At the end of the day, The Minnesota Real Estate Team is about bringing results to our sellers and buyers.
Posted By: Ryan O'Neill @ 9:06:07 AM