Fewer Active Listings In Twin Cities Home Market

December 8, 2010 7:54 PM

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

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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.

Fewer Active Listings In Twin Cities Home Market

Tom

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.
http://seanwaithomemortgageminnesota.wordpress.com MnMortgage

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
http://www.soldsignblog.com/remax-gaining-recognition-as-news-source-for-twin-cities/ RE/MAX Gaining Recognition as News Source for Twin Cities

[...] by Keri Henke on December 9, 2010 The RE/MAX Seasonal Trend Report, released yesterday, is getting some recognition. WCCO News Radio 830 took interest in the Winter Report, its key points, and what RE/MAX agents think about the Twin Cities market. Report contributor, Mark Callender of RE/MAX associates plus, talked to a WCCO reporter about the fall market, interest rates, inventory, and what the upcoming winter market could bring. Click here to read and hear more. [...]