While some of the “traditional” or “normal” sellers may have pulled their properties off the market this Christmas season, the banks and other sellers are plowing ahead trying to get rid of theirs.
Plymouth, MN distressed inventory is now approximately 19% of the overall inventory for sale. Distressed properties included any bank owned, foreclosures, pre-foreclosures, short sales, corporate owned, as-is etc. type properties. It would seem likely that the overall percentage should decline in Q109 as more traditional sellers put their homes on the market.
Here are the stats:
Overall Market for properties for sale in Plymouth, MN
- Ave. Asking Price: $365,000
- Ave. Days on Market: 173
- Number of properties for sale: 415
Distressed Properties for sale in Plymouth, MN
- Ave. Asking Price: $254,000
- Ave. Days on Market: 147
- Number of Properties for Sale: 79
 
