Minneapolis Real Estate Blog

Ray Klotz-Edina Realty 763-557-4540

Minneapolis Real Estate-Multiple Offers

It seems that the Minneapolis Real Estate market is heating up on the foreclosed properties under the $200,000 price range.  There appears to be many multiple offer situations on homes priced very competitively and that are in relatively decent shape.  With the advent of the $8,000 Federal tax credit and low interest rates, the pent up demand seems to be taking advantage of the situation and clearing out a large quantity of these lender mediated homes.  Time will tell if this upward swing in home sales will clear the existing and future inventory of foreclosed homes so we can go back to a normal residential real estate market.

Ray Klotz – Edina Realty

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March 25, 2009 Posted by | Uncategorized | Leave a comment