Please check-out the link below regarding a new article on research compiled by Zillow. Although Zillow numbers are “estimates”, the Twin Cities is showing a -28.2% decrease in the median sales price since the peak of the market in late 2005/early 2006. This is in-line with what I estimated, about 30% Metro Wide. Although this is a hard pill to swollow for many homeowners, Minnesota hasn’t been as bad as many other markets that crashed and burn with the condo crisis.
http://www.inman.com/news/2010/11/10/decline-in-home-values-rivals-great-depression
