Southwest Minneapolis Real Estate Market Report - Hennepin, Minnesota
Southwest Minneapolis, Minnesota - Hennepin
| Market Commentary Provided by Larry Boatman If you can qualify, now is an exceptional time to buy a home in Southwest Minneapolis. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 612-723-4456 |
| Report Date | Fall 2009 |
CONNECT WITH A LOCAL PROFESSIONAL 
Larry Boatman
Exit Realty Imagine Edina, Minnesota 612-723-4456 larry@exitrealtyep.com Agent Home Page  |
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| Nearest Metro Area | Minneapolis-St. Paul | ||||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||||
| Average Time on Market | 30-60 days | ||||
| Market Trend | Decreasing | ||||
| Housing Inventory | Good supply - Some Prices | ||||
| Average Home Price | $250,000 - View Graph Trend | ||||
| Best Selling Price Range | $250,000 - $299,000 | ||||
| Worst Selling Price Range | $550,000 - $599,000 | ||||
| Compared to Last Year | Down 10-15% | ||||
| Prices As % of Asking Price | 95-100% | ||||
| Multiple Offers? | Yes | ||||
| Greatest Activity | Repeat Buyers | ||||
| Buyer Activity for the past 90 days in Southwest Minneapolis is | Increasing | ||||
| Seller Activity for the past 90 days in Southwest Minneapolis is | Increasing | ||||
| Is Financing Available For Qualified Buyers in Southwest Minneapolis? | Yes | ||||
| Existing Home Prices for the past 90 days are | No Change | ||||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 25-30% | ||||
| Housing Hot Spots | Most cities within the Hennepin County area are considered 'Housing Hotspots' | ||||
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Southwest Minneapolis! | ||||
| Average Sold Price | $250,000 - View Graph Trend | ||||
| National Real Estate Market | |||||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... |
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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