A free research tool from the North Metro REALTORS® Association
Brought to you by the unique data-sharing traditions of the REALTOR® community
Twin Cities Region December Entire Year
13-County Metropolitan Area 2007 2008 Change 2007 2008 Change
New Listings 4,348 4,744 + 9.1% 105,004 93,560 - 10.9%
Closed Sales 2,376 2,728 + 14.8% 40,055 38,730 - 3.3%
Average Sales Price $266,121 $207,079 - 22.2% $274,767 $236,953 - 13.8%
Percent of Original List Price Received at Sale* 91.2% 90.0% - 1.3% 94.7% 91.8% - 3.0%
Average Days on Market Until Sale** 151 148 - 1.7% 138 158 + 14.8%
Single-Family Detached Inventory 18,793 17,381 - 7.5% -- -- --
Townhouse-Condo Inventory 7,882 7,480 - 5.1% -- -- --
*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
Activity—Year to Date
Activity—Most Recent Month
4,744
New Listings New Listings
105,004
4,348
Closed Sales 93,560
Closed Sales
2,728
2,376
40,055 38,730
2007 2008
2007 2008
Average Sales Price Percent of Original List Price Received
94.7%
$274,767
$266,121 91.8%
91.2% 90.0% 2007
$236,953
2007
$207,079 2008
2008
- 3.0%
- 22.2% - 13.8% - 1.3%
December Entire Year December Entire Year
Average Days on Market Until Sale Inventory of Homes for Sale
18,793
158 17,381
151 2007
148
2007 138
2008
2008
7,882 7,480
- 5.1%
+ 14.8% - 7.5%
- 1.7%
December Entire Year Single-Family Detached 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.
© 2008 Minneapolis Area Association of REALTORS®. The North Metro REALTORS® Association uses it under lisence.

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