Twin Cities Distressed Sales hit lowest share of market since 2008

Minneapolis Area Association of Realtors reports that the share of Distressed Sales is hitting multi-year lows.

This is worth the read – there are plenty of positive signals in the marketplace – this one seems to be going somewhat unnoticed.

Distressed sales accounted for 30.6 percent of all new listings and 34.6 percent of all closed sales, the lowest shares since June 2008 and August 2008, respectively.

Read Article from MAAR

Depleting this inventory will be huge help to full market recovery.

Related articles

• Mid-year reports show housing market is turning corner(startribune.com)

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• Distressed Sales Decline to 25 Percent of Market(economistsoutlook.blogs.realtor.org)

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• Sellers scarce as Twin Cities housing inventory hits 8-year low(housingwire.com)

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