Health & Fitness
Southwest Minneapolis Real Estate Review - 2011 and Now
Prices dropped, sales up, inventory down. 2012 will be an interesting year for the Southwest Minneapolis real estate market. For the first time in 4-5 years, sellers will have some power.
Southwest Minneapolis real estate finished the 2011 year with 672 homes sold, of which 92 were foreclosures and 30 were short sales - for a 18% distress rate. The average price of a home went down in 2011 by 4.3% to $317,000. Real estate sales in Southwest Minneapolis went up by 6.2% compared to 2010, and new listings fell by 10.9%. Southwest Minneapolis has 3.9 months of inventory currently, placing it on the verge of a seller's market.
Currently, there are approximately 390 home listings in Southwest Minneapolis:
Find out what's happening in Southwest Minneapolisfor free with the latest updates from Patch.
78 Southwest Minneapolis Townhomes and Condominiums
In the last 30 days, there have been 224 home sales for an average sales price of $180,500. Follow market trends in Southwest Minneapolis for up to the minute information and analysis.
Find out what's happening in Southwest Minneapolisfor free with the latest updates from Patch.
In review, home prices in Southwest Minneapolis dropped, housing sales went up, and inventory decreased. I predict that home sellers will have a stronger position in the housing market in 2012. Thank you for following my review of Southwest Minneapolis real estate.
