Twin Cities Market Inventory Update-Bank involved properties

Some Notable trends from the latest housing statistics

  • Over the past year, the inventory of lender-mediated properties for sale has almost doubled, while traditional inventory has declined by 16 percent.
  • Of all current active properties for sale, 21.7 percent are foreclosures or short sales.
  • Traditional homes continue to hold their value better than foreclosures and short sales. The Q2 median sales price of foreclosures and short sales has fallen by 11.7 percent in the last two years while traditional homes has declined by only 3.4 percent.
  • The prevalence of lender-mediated homes varies greatly from area to area.

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