MSP Residential RE Index


This is interesting.  The University of St Thomas has developed their own Index.  They did a great job with this.  We can now identify between foreclosures, short sales, and traditional home sales.   You can view the full report here.

University of St Thomas Housing Index July 2011How to read these figures.  Like any index or chart, it is absolutely meaningless unless you understand the baseline.

The baseline on this index is 1,000.  1,000 is the benchmark of real estate values in January, 2005.  So basically we are all hoping to see these numbers get above 1,000.  Higher is better.

Based on this, it appears we are beginning to head the right direction!

Foreclosures, Short Sales, and Traditional sales values are coming up.  We have a long ways to go, but hopefully this trend will continue.

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Filed under real estate, new construction, development, wayzata real estate, foreclosures, economy, Uncategorized

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