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.

Comments (3)
  1. Tom says:

    many home owners are renting there home out until the market gets better, I dont think we will see the huge gains on home for sometime.

  2. MnMortgage says:

    Thats very normal, many people take their home off the market after school starts and they don’t want to uproot their children. It will drop even more due to the winter and the holidays.
    Sean Wait

Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Watch & Listen LIVE