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Article: Options abound - in every price range; With today's overload of houses, buyers have plenty to pick from -- more in some price ranges, less in others.(HOMES)
- Article from:
- Star Tribune (Minneapolis, MN)
- Article date:
- March 22, 2008
- Author:
CopyrightCOPYRIGHT 2008 Star Tribune Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: LYNN UNDERWOOD; STAFF WRITER
The "For Sale" signs that seem to be around every corner say it all: The housing market is flooded with inventory.
With a credit crunch underway, foreclosures rising and consumer confidence sagging, the number of houses for sale in the 13-county metro area is at record levels, up 10.8 percent from a year ago, according to the latest data gathered by the Minneapolis Area Association of Realtors. That's 8.72 homes for every buyer and a startling statistic if you're a seller. But the supply of houses on the market varies by price range. For example, the March supply of houses for sale at less than $120,000 increased the ...