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A free research tool from the
Minneapolis Area Association of REALTORS®
Brought to you by the unique data-sharing traditions of the REALTOR® community
Minneapolis
Hennepin County, MN
20082009Change20082009ChangeNew Listings
876
773
- 11.8%8,094
7,062
- 12.8%
Closed Sales
557
539
- 3.2%3,594
3,950
+ 9.9%
Median Sales Price
$177,350
$164,400
- 7.3%$189,500
$147,500
- 22.2%
Average Sales Price
$200,935
$194,290
- 3.3%$221,463
$181,317
- 18.1%
Percent of Original List Price Received at Sale
*
92.3%
96.8%
+ 4.9%91.5%
93.8%
+ 2.5%
Average Days on Market Until Sale
**
120
106
- 11.8%128
116
- 9.4%
Single-Family Detached Inventory
2,185
1,420
- 35.0%------
Townhouse-Condo Inventory
1,153
920
- 20.2%------
AugustYear to Date
*Does not account for list prices from any previous listing contracts **City market time figures are based on Cumulative Days on Market, which does account for previous listing contracts
Median Sales Price
$177,350$189,500$164,400$147,500
AugustYear to Date
20082009
Average Days on Market Until Sale
120128106116
AugustYear to Date
20082009
Activity—Most Recent Month
876557773539
New ListingsClosed Sales
20082009
Activity—Year to Date
8,0943,5947,0623,950
New ListingsClosed Sales
20082009
Percent of Original List Price Received
92.3%91.5%96.8%93.8%
AugustYear to Date
20082009
Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme dueto the small sample size involved. For broader historical market information, please feel free to contact us.
Inventory of Homes for Sale
2,1851,1531,420920
Single-Family DetachedTownhouse-Condo
20082009
- 7.3%- 22.2%+ 2.5%+ 4.9%- 9.4%- 11.8%- 20.2%- 35.0%- 11.8%- 3.2%- 12.8%+ 9.9%
© 2009 Minneapolis Area Association of REALTORS®, Inc. | Sponsored by Royal Credit Union www.rcu.org
A free research tool from the
Minneapolis Area Association of REALTORS®
Brought to you by the unique data-sharing traditions of the REALTOR® community
Aug 2008Aug 2009
Change
YTD 2008YTD 2009
Change
Aug 2008Aug 2009
Change
YTD 2008YTD 2009
Change
Camden
159
96
- 39.6%1,162
911
- 21.6%56
84
+ 50.0%459
638
+ 39.0%
Downtown Minneapolis
98
94
- 4.1%997
1,031
+ 3.4%62
54
- 12.9%462
406
- 12.1%
Longfellow
50
40
- 20.0%448
398
- 11.2%41
27
- 34.1%231
272
+ 17.7%
Nokomis
107
112
+ 4.7%890
916
+ 2.9%62
62
- 0.0%478
523
+ 9.4%
North
116
73
- 37.1%1,009
657
- 34.9%75
55
- 26.7%493
445
- 9.7%
Northeast
63
61
- 3.2%595
565
- 5.0%59
49
- 16.9%268
360
+ 34.3%
Phillips
14
17
+ 21.4%238
149
- 37.4%7
12
+ 71.4%43
89
+ 107.0%
Powderhorn
70
64
- 8.6%711
522
- 26.6%67
45
- 32.8%270
366
+ 35.6%
Southwest
94
117
+ 24.5%984
955
- 2.9%75
85
+ 13.3%496
470
- 5.2%
University Area
19
18
- 5.3%192
166
- 13.5%18
14
- 22.2%70
99
+ 41.4%
Uptown-Lakes
84
80
- 4.8%862
789
- 8.5%35
52
+ 48.6%323
279
- 13.6%
Aug 2008Aug 2009
Change
YTD 2008YTD 2009
Change
Aug 2008Aug 2009
Change
YTD 2008YTD 2009
Change
Camden
$60,001
$74,750
+ 24.6%$66,000
$44,100
- 33.2%93.4%
97.3%
+ 4.3%84.1%
93.3%
+ 10.9%
Downtown Minneapolis
$221,450
$216,600
- 2.2%$282,500
$250,000
- 11.5%94.8%
94.3%
- 0.5%96.5%
94.5%
- 2.2%
Longfellow
$185,670
$176,950
- 4.7%$189,900
$169,900
- 10.5%94.4%
97.6%
+ 3.4%93.3%
95.5%
+ 2.3%
Nokomis
$216,500
$182,000
- 15.9%$215,000
$188,000
- 12.6%92.7%
95.9%
+ 3.5%94.0%
94.9%
+ 0.9%
North
$44,450
$44,111
- 0.8%$48,000
$35,000
- 27.1%86.6%
104.1%
+ 20.1%85.3%
94.9%
+ 11.2%
Northeast
$173,000
$177,275
+ 2.5%$176,250
$150,000
- 14.9%91.4%
98.1%
+ 7.4%91.5%
93.4%
+ 2.0%
Phillips
$150,000
$95,000
- 36.7%$119,200
$86,225
- 27.7%97.8%
86.9%
- 11.2%89.6%
89.0%
- 0.7%
Powderhorn
$120,000
$125,000
+ 4.2%$130,510
$95,000
- 27.2%89.3%
102.4%
+ 14.7%89.8%
93.6%
+ 4.2%
Southwest
$274,000
$305,000
+ 11.3%$280,000
$264,950
- 5.4%95.9%
96.1%
+ 0.2%94.0%
94.1%
+ 0.2%
University Area
$197,500
$164,400
- 16.8%$208,250
$196,150
- 5.8%92.6%
95.4%
+ 3.1%93.4%
91.5%
- 2.0%
Uptown-Lakes
$295,000
$236,000
- 20.0%$242,000
$232,000
- 4.1%91.4%
89.2%
- 2.4%93.0%
90.5%
- 2.8%
Aug 2008Aug 2009
Change
YTD2008 YTD2009
Change
Aug 2008Aug 2009
Change
Aug 2008Aug 2009
Change
Camden
133
114
- 14.1%172
107
- 37.8%486
245
- 49.6%16
15
- 6.3%
Downtown Minneapolis
105
122
+ 16.6%107
115
+ 7.6%2
4
+ 100.0%505
459
- 9.1%
Longfellow
89
81
- 9.0%93
92
- 0.3%130
72
- 44.6%15
9
- 40.0%
Nokomis
105
81
- 22.6%109
92
- 15.7%285
219
- 23.2%27
23
- 14.8%
North
125
109
- 12.8%149
111
- 25.8%385
174
- 54.8%11
5
- 54.5%
Northeast
142
85
- 39.9%146
120
- 17.9%197
117
- 40.6%30
48
+ 60.0%
Phillips
175
153
- 13.0%142
161
+ 13.3%54
28
- 48.1%57
36
- 36.8%
Powderhorn
143
72
- 49.3%128
141
+ 10.0%217
106
- 51.2%77
36
- 53.2%
Southwest
104
97
- 6.6%117
109
- 7.1%261
267
+ 2.3%46
50
+ 8.7%
University Area
87
212
+ 143.8%120
172
+ 43.4%32
23
- 28.1%71
32
- 54.9%
Uptown-Lakes
137
139
+ 0.9%120
155
+ 29.5%134
165
+ 23.1%296
208
- 29.7%
Townhouse-CondoInventorySingle-FamilyDetached InventoryPercent of Original List Price ReceivedMedian Sales PriceNew ListingsClosed SalesAverage Days on Market Until Sale
Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme dueto the small sample size involved. For broader historical market information, please feel free to contact us.
© 2009 Minneapolis Area Association of REALTORS®, Inc. | Sponsored by Royal Credit Union www.rcu.org
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