I am involved with a real estate investment group. Our leader told us that 15% of the real estate in Minneapolis is currently on the market.
“15% of the real estate in Minneapolis is currently on the market.”
Probably would be higher, but people might owe more than the house/condo is worth.
What % was it before St George died?
I’ve mentioned this here before, but I follow a financial podcaster out of Chicago whose GF is a real estate agent. He’s said, for the last month/month-and-a-half-or-so, that all of her clients have been asking her to get them the hell out of Chicago, and (having endured the Covid lockdowns) to find them a place with a yard, or at least a porch. (Basically “NOT A HIGHRISE!”.) With an unspoken understanding of “whatever the price”.
He also recently said he understands that Catholic schools in Wisconsin and Indiana are currently deluged with last-minute applications from Illinois.