Housing Supply Outlook
Historical Overview of Single-Family Detached
March 2009
Inventory of Homes for Sale Months Supply of Inventory
8.9
Single-Family Detached Single-Family Detached
20,661
7.1
18,014 17,915
6.6
15,387
4.1
One Year One Year One Year One Year One Year One Year
Change: Change: Change: Change: Change: Change:
+ 17.1% + 14.7% - 13.3% + 59.5% + 34.8% - 20.6%
3-2006 3-2007 3-2008 3-2009 3-2006 3-2007 3-2008 3-2009
Percent. Of Orig. List Price Rec'd. Previous Twelve Months
Home Sales Previous Twelve Months
Single-Family Detached
Single-Family Detached
97.7%
44,522 96.0% 93.8% 91.5%
32,686
30,371
27,803
One Year One Year One Year One Year One Year One Year
Change: Change: Change: Change: Change: Change:
- 26.6% - 14.9% + 9.2% - 1.8% - 2.3% - 2.4%
3-2006 3-2007 3-2008 3-2009 3-2006 3-2007 3-2008 3-2009
Avg. Sales Price Per Square Foot Previous Twelve Months
Average Sales Price Previous Twelve Months
Single-Family Detached
Single-Family Detached
$303,875
$297,395 $294,260 $148 $147
$139
$247,261
$116
One Year One Year One Year One Year One Year One Year
Change: Change: Change: Change: Change: Change:
+ 2.2% - 3.2% - 16.0% - 0.5% - 5.6% - 16.7%
3-2006 3-2007 3-2008 3-2009 3-2006 3-2007 3-2008 3-2009
9
© 2008 Minneapolis Area Association of REALTORS®. Gathered from the Regional Multiple Listing Service, Inc. for residential properties in the Twin Cities 13-County region.

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