Jeff Allen, Minneapolis Area Association of Realtors and publisher of the blog, The Skinny, and Aaron Dickinson, Edina Reatly and publisher of the Twin Cities Real Estate Blog, have produced an excellent work entitled, “Foreclosures and Short Sales in the Twin Cities Housing Market – Q2 2008 Update.”

They have done a terrific job of breaking down the data by sales price as well as by various cities across the metro.

Their data shows that 1 out of 5 homes for sale in the Twin Cities metro is now what they call “lender mediated” meaning it’s a bank owned, pre-foreclosure, short sale type situation. There appears to be no shortage or end to these distress sales in the Twin Cities.