Downtown Minneapolis Condos - The More Things Change, The More they Stay The Same!

Employment numbers on average in the US and in Minnesota are slowly decreasing.  However the stock market and many businesses are not convinced the early stages of our economic recovery will continue to strengthen.  Business has responded by hiring temporary workers.  While this is not unusual early in a recovery, the uncertainty regarding increased demand moving forward has caused the continuation of hiring temporary workers instead of permanent ones.  All workers in an uncertain economic environment are less likely to be making major purchase decisions.  That includes real estate.  

The ultimate effect on our local Downtown Minneapolis Condos market is one that is slower but still moving.  The post tax credit environment has been challenging.  The number of signed purchase agreements has declined significantly in each month (as compared to the year prior) since May 2010.  Does this mean Downtown Minneapolis condos and lofts are not selling.  Of course not!  However, the fundamentals of selling properties are as important as ever; correct pricing, appropriate staging and aggressive networking and marketing.  

P.S. Free weekly list of Downtown Minneapolis Condos including private listings and foreclosures in the most popular locations call 1-888-391-9039 Ext. 126 or visit www.LivingInDowntownMinneapolis.com