Foreclosures selling at a 15% discount

February 11, 2011

According to the National Association of REALTORS®, Foreclosures and distressed properties accounted for 36% of existing home sales in December.  While this may not directly represent the number of distressed sales in the Minneapolis and surrounding areas there is a direct correlation.  These distressed properties typically sold at a 15 percent discount as compared to non distressed homes.

Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other than All Minneapolis Homes are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

 Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor All Minneapolis Homes shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

 

©2018  Regional Multiple Listing Service of Minnesota. All rights reserved.