Ray Klotz - Edina Realty
Minneapolis Real Estate

Edina Realty

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MAAR's 2014 Real Estate Wrap-up
By Aubray Erhardt

"Minneapolis, Minnesota (January 14, 2015) – Strong demand and higher prices were some of the positive developments seen in 2014. Market recovery continued to take hold. Sellers were motivated by rising prices and quick market times, and so they listed more properties for sale. Closed sales activity ended the year at the second highest level since 2005. Even though the active supply of homes for sale fell to a 12-year low, home buyers had more choices during the critical spring and summer selling season. Homes sold in less time, which was great news for sellers. Absorption rates were flat and still slightly favored sellers but 2015 should see more balance. Foreclosure activity fell for a third straight year, while new construction and condo activity continued to soar in and around downtown."

Ray Klotz, Edina Realty MN

9605 Schmidt Lake Rd, Plymouth, MN 55442
Ray Klotz, a licensed real estate agent in Minnesota, specializes in houses, townhouses, condos and foreclosures in Minneapolis and outlying areas.
Copyright 2014 Ray Klotz., All Rights Reserved

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