Home prices give market health and gauge market vitality. Purchase demand, current housing supply, absorption rate, and economic indicators are closed watched by residential investors in the Minneapolis real estate market. Purchase demand overall in 2011 outstripped 2010. Slower seller activity is drawing inventory bins down, says Brad Fisher (2011 President, Minneapolis Area Association of REALTORS®).
What is today's lead real estate indicator?
Dramatic declines in active listings has been key to the Minneapolis real estate market readings.
What is a healthy real estate market?
Markets with between 4 - 6 months supply are considered healthy. Less than five months’ supply is considered a sellers’ market by most real estate industry professionals. Greater than six months’ supply means the Minneapolis real estate area is in a buyers' market.
What other forces are beyond supply and demand?
New job growth
Consumer confidence
Real income increases or decreases
What are others saying about living in Minneapolis?
According to Money Magazine , Eden Prairie Minnesota is ranked 9th, among the top 10 US Best Places to live.
The Twin Cities ranked #2 in a 2006 Kiplinger's poll of Smart Places to Live.
Minneapolis was noted by The Career Center as one of the Seven Cool Cities for young professionals. Read more at http://www.careercenter.umich.edu/students/locations/minneapolis.html.
Ranked #1 Best US Cities for Seniors 2011 by Bankers Life and Casualty Company Center for a Secure Retirement.
Ranked #1 America's Most Playful Cities by Sperlings Best Places at http://www.bestplaces.net/city/minnesota/minneapolis
As one inquirer asked for a best place to live, Yahoo Answers states. "Minneapolis... Minnesota is known for their hospitals (including the mayo clinic). There is a very low crime rate, one of the most active cities (lot's of bikers and people who walk around). There is a lot of things to do in Minneapolis and one of the suburbs was voted best place to live in 2010." Minneapolis real estate investors can view comment at answers.yahoo.com.
Minneapolis real estate investors will want to take a look at what's ahead for