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Started By
Message
re: 18.6% of Minneapolis’ total listings have popped up for sale in the last 7 days
Posted on 6/12/20 at 7:01 pm to upgrayedd
Posted on 6/12/20 at 7:01 pm to upgrayedd
quote:
I mean, I can't see people just panic selling this quickly, especially in such a blue area that supports all this nonsense.
A lot of the boomers around here that lived in Jersey City, Newark, parts of Brooklyn, Queens, etc will tell you that white flight happens *fast*. Neighborhoods and entire school districts basically changed completely in about 1-2 years. I don't know enough about MN to know if that's what's happening there but the change happens quickly once it comes.
This post was edited on 6/12/20 at 7:03 pm
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Posted on 6/12/20 at 7:01 pm to SUB
This is new listings in 7 days. Newly listed make up 19% of the total listings of that market.
Posted on 6/12/20 at 7:05 pm to stout
Honest question, how many were during this time frame this time last year? It is the summer, but then again, riots
This post was edited on 6/12/20 at 7:08 pm
Posted on 6/12/20 at 7:08 pm to stout
Ah i see. Topic is worded funny.
Posted on 6/12/20 at 7:15 pm to Oilfieldbiology
Most people sell at the start of Summer when kids first get out of school. School has been out and we're several weeks into Summer. I'd like to know the answer to that as well for comparison sake but I'd be very surprised if it was ever in double digits last year in a 7 day period.
Posted on 6/12/20 at 7:17 pm to stout
Running away from bad areas is literal White privilege. Blacks cannot do this.
The city should confiscate these white peoples land immediately.
The city should confiscate these white peoples land immediately.
This post was edited on 6/12/20 at 7:21 pm
Posted on 6/12/20 at 7:28 pm to kojak
Yeah to be fair, real estate is hyper seasonal in the upper Midwest. Add in COVID and the summer selling season will be even more compacted.
With that said, I can 100% see a spike due to the riots but it’s too soon.
With that said, I can 100% see a spike due to the riots but it’s too soon.
Posted on 6/12/20 at 7:29 pm to stout
The 2020 Lord of the Flies?
Posted on 6/12/20 at 7:32 pm to SUB
Doesn't make sense, the job market there is about to be flooded with openings for non-violent social workers.
Buy low!
Buy low!
Posted on 6/12/20 at 7:33 pm to TigersSEC2010
Yep they will soy the next city they move to.
Posted on 6/12/20 at 7:46 pm to stout
quote:
This is new listings in 7 days. Newly listed make up 19% of the total listings of that market.
curious what % a similar sized city like New Orleans or St. Louis, % would be for the last 7 days.
Posted on 6/12/20 at 7:47 pm to stout
What was the % for the previous 5 years for same date range?
Posted on 6/12/20 at 7:49 pm to stout
1st day of summer isn't for another week
Posted on 6/12/20 at 7:52 pm to stout
This single statistic doesn't say much. It could simply mean homes are selling fast.
Posted on 6/12/20 at 7:54 pm to stout
This means nothing, you could probably say this fact about just about anywhere, as houses tend to sell and get removed from the listing.
Posted on 6/12/20 at 7:56 pm to stout
They'll all be moving to Texas and continue voting for the same things they did in Minny.
Posted on 6/12/20 at 7:59 pm to SUB
quote:
19% of all sales are for sale. I’m confused.
They were listed in the last 7 days.
Posted on 6/12/20 at 8:04 pm to stout
The phag mayor probably put his house up for sale too.
Posted on 6/12/20 at 8:20 pm to Big EZ Tiger
I live right outside the twin cities. There was a city council vote to replace the police today, I believe. What does that do to property values? 
Posted on 6/12/20 at 8:48 pm to stout
quote:
18% in 7 days in a city that size is insanely high. What else could it be?
This doesn’t seem like that meaningful of a stat without context. If homes only stay on the market for a month in Minneapolis this time of year, 18% could be completely normal.
If “summer time” listings started at the beginning of June and those make up the vast majority of total listings, 18% could also be completely normal even if houses stay on the market for 2-3 months.
ETA: Just checked Zillow.
Total listings: 1,107
New listings in past 7 days: 159 (14.4%)
New listings in past 14 days: 261
New listings in past 30 days: 461
Note that new listings don’t include houses which have already sold, so you would expect a larger percentage to be <7 days.
This post was edited on 6/12/20 at 9:24 pm
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