6. HRSR 08-03-2009 - Laserfiche WebLink

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The 1C~0+ - Market Updates for zo5 Twin Cities Communities RA A free research tool from the North Metro REALTORS®Assoclatlon Brought to you by the unique data-sharing traditions of the REALTOR® wmmunity North Metro REALTORS ~`' Association Twin Cities Region .June Year to Date 13-County Metropolitan Area 2008 2009 Change 2008 2009 Change New Listings Closed Sales Median Sales Price Average Sales Price Percent of Original List Price Received at Sale• Average Days on Market Until Sale•• Single-Family Detached Inventory Townhouse-Condo Inventory 'Does not account for list prices from any previous listing wntracts Activity--Most Recent Month 8,858 ^ 2008 8.310 ^ 2009 New Listings Median Sales Price 8,858 8,310 - 6.2% 52,897 46,123 - 12.8% 3,969 4,764 + 20.0% 17,481 19,298 + 10.4% $205,000 $173,500 - 15.4% $205,000 $162,400 - 20.8% $247,565 $204,470 - 17.4% $244,403 $193,281 - 20.9% 92.8% 92.9% + 0.1% 91.9% 91.1% - 0.8% 147 140 - 4.8% 150 147 - 2.0% 23,124 18,190 - 21.3% -- -- -- 9,997 8,014 - 19.8% -- -- -- "City market time figures are based on Cumulative Days on Markel, which does account for previous listing contracts 4,764 3,969 '~ Closed Sales Activity-Year to Date 52,897 46,123 New Listings r; 2008 ^ 2009 17,481 19,298 Closed Sales Percent of Original List Price Received 91.9% 91.1% Year to Date Average Days on Market Until Sale 147 140 ^ 2008 ^ 2009 i June 150 147 r Year to Date Inventory of Homes for Sale 23,124 Single-Family Detached ^ 2008 ^ 2009 9,997 8,014 Townhouse-Condo Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due to the small sample size involved. For broader historical market information, please feel free to contact us. ®2009 Minneapolis Area Assoaation of REALTORS®. The North Metro REALTORS®Association uses it under lisence.