Inventory of Homes for Sale
7-20087-2009Change7-20087-2009Change7-20087-2009Change
All Properties
8,1636,685- 18.1%26,12419,837- 24.1%34,28726,522- 22.6%
Single-Family Detached
6,3084,757- 24.6%17,66913,682- 22.6%23,97718,439- 23.1%
Townhomes*
1,4511,498+ 3.2%5,5523,813- 31.3%7,0035,311- 24.2%
Condominiums
404430+ 6.4%2,9032,342- 19.3%3,3072,772- 16.2%
*Includes twinhomes
7-20087-2009Change7-20087-2009Change7-20087-2009Change
Under $120,000
2,6812,258- 15.8%1,4651,294- 11.7%4,1463,552- 14.3%
$120,001 to $150,000
1,4811,195- 19.3%2,1151,668- 21.1%3,5962,863- 20.4%
$150,001 to $190,000
1,5491,228- 20.7%4,5113,112- 31.0%6,0604,340- 28.4%
$190,001 to $250,000
1,152896- 22.2%5,8403,943- 32.5%6,9924,839- 30.8%
$250,001 to $350,000
712575- 19.2%5,1753,837- 25.9%5,8874,412- 25.1%
$350,001 to $500,000
360291- 19.2%3,4442,687- 22.0%3,8042,978- 21.7%
$500,001 to $1,000,001
204202- 1.0%2,7712,445- 11.8%2,9752,647- 11.0%
$1,000,001 and above
2540+ 60.0%804851+ 5.8%829891+ 7.5%
All Prices
8,1646,685- 18.1%26,12519,837- 24.1%34,28926,522- 22.7%Share of Total InventoryThat Is Lender-Mediated7-20087-2009
Lender-MediatedTraditional
23.8%
26.3%
Total
20.7%12.2%
25.2%
25.8%28.2%15.5%64.7%63.6%
Lender-MediatedTraditional
Share of Total InventoryThat Is Lender-Mediated7-20087-2009
Total
41.2%41.7%25.6%28.3%16.5%18.5%12.1%13.0%
Property TypePrice Range
23.8%25.2%
3.0%4.5%9.5%9.8%6.9%7.6%
Lender-Mediated Inventory of Homes for Sale
23.8%26.3%20.7%12.2%25.2%25.8%28.2%15.5%
All PropertiesSingle-Family DetachedTownhomes*Condominiums7-20087-2009
Share of Inventory That Is Lender-Mediated
64.7%41.2%25.6%16.5%12.1%9.5%6.9%3.0%63.6%41.7%28.3%18.5%13.0%9.8%7.6%4.5%
Under $120,000$120,001 to$150,000$150,001 to$190,000$190,001 to$250,000$250,001 to$350,000$350,001 to$500,000$500,001 to$1,000,001$1,000,001 andabove
7-20087-2009
There are now almost1,500 fewer lender-mediated homes for salethan there was a year ago.Townhomes andcondominiums still haveroughly the same amountof lender-mediatedinventory, while the singlefamily detached markethas seen a huge drop.Lender-mediated inventory isdown in every price categoryexcept above $1 million,where it has increased 60.0percent in the last year. Bear in mind: that’s still only 4.5percent of the inventory inthat price range.
© 2009 Minneapolis Area Association of REALTORS®, Inc. | Sponsored by Royal Credit Union www.rcu.org
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