Is the Twin Cities real estate market out of the woods yet?
Since Jluy of 2005 the Twin Cities market place has had different types of indicators that we are in a declining market. From the falling of unit sales, to decline in average and median sales prices, increased inventories, conservative lending practices, affordability issues. foreclosures and leander mediated sales, and other economic forces;we have had to deal with the changes in this real estate market.
Enclosed is the most recent "The Skinny" from the Minneapolis Area Association of Realtors to give a prespective on what is happening.
http://www.youtube.com/watch?v=KXbOx925NbM
Each area, price range, and style is affected differently by the market. I meet daily with people to discuss what is beest for them in their specific market. Let me know how I can help.