WCCO EYE4 LOGO WCCO Radio wcco-eye-red01, ww color red
YouthLink Phone Bank: To donate, call 1-800-542-9226 or donate online. | About YouthLink | Accomplish MN

Local

Fewer Active Listings In Twin Cities Home Market

View Comments
real estate, new home, home for sale, housing market

(credit: Jupiter Images)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

By Bruce Hagevik, NewsRadio 830 WCCO

MINNEAPOLIS (WCCO) — Active listings in the Twin Cities were down 8.6 percent from September to October, according to a report from RE/MAX. Pending sales were down 3 percent. Real estate experts say there are still plenty of buyers sitting on the fence.

“Sellers, they know they have to be priced right and their property has to show good,” said real estate agent Mark Callender.

NewsRadio 830 WCCO’s Bruce Hagevik Reports

There is a high level of inventory but the number of foreclosed properties is down somewhat.

“The buyers know that there’s lots of short sale properties out there,” Callender said.

Agents anticipate a further slowing of the home selling market going into the winter months. But opportunities exist for potential buyers in the form of low interest rates, current home prices and a good inventory of homes for sale.

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,874 other followers