2011 Annual Wrap-Up: Lower Prices but a Healthier Market
Minneapolis, Minnesota (January 11, 2012) – Decreased supply, high demand and low prices are among the encouraging developments in 2011 that give cause for optimism in 2012. Consumer purchase demand increased absent any outside incentives. As the active supply of homes for sale decreased dramatically, absorption rates improved to levels not seen since 2005. Unprecedented low interest rates and record housing affordability resulted in an 8.2 percent increase in home sales for the area.
Posts
