- In Blaine, Minnesota, new housing listings decreased 25.4% and closed housing sales decreased 13.0% in September 2012 compared to September 2011. The median home sales price increased 17.2% to $205,100. - For the year to date period of 2012 compared to the same period in 2011, new housing listings decreased 11.2% while closed housing sales increased 10.8%. The median home sales price increased 10.0% to $170,500. - The inventory of homes for sale in Blaine decreased 42.1% in September 2012 compared to September 2011, while the months supply of inventory decreased 50.9%.

1. Local Market Update – September 2012
A RESEARCH TOOL PROVIDED BY THE MINNEAPOLIS AREA ASSOCIATION OF REALTORS®
- 25.4% - 13.0% + 17.2%
Change in Change in Change in
Blaine New Listings Closed Sales Median Sales Price
September Year to Date
2011 2012 +/– 2011 2012 +/–
New Listings 134 100 - 25.4% 1,176 1,044 - 11.2%
Closed Sales 92 80 - 13.0% 701 777 + 10.8%
Median Sales Price* $175,000 $205,100 + 17.2% $155,000 $170,500 + 10.0%
Average Sales Price* $206,183 $220,507 + 6.9% $183,527 $201,778 + 9.9%
Price Per Square Foot* $92 $98 + 5.5% $88 $94 + 6.7%
Percent of Original List Price Received* 94.0% 97.2% + 3.4% 92.0% 95.7% + 4.0%
Days on Market Until Sale 108 88 - 18.4% 137 101 - 26.8%
Inventory of Homes for Sale 416 241 - 42.1% -- -- --
Months Supply of Inventory 5.5 2.7 - 50.9% -- -- --
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
2011 2012
September Year to Date 2011 2012
134 1,176
1,044
100
92 777
80 701
- 25.4% - 13.0% - 11.2% + 10.8%
New Listings Closed Sales New Listings Closed Sales
Twin Cities Region b
Change in Median Sales Price from Prior Year (6-Month Average)**
Blaine a
+ 20%
+ 15%
+ 10%
+ 5%
0%
- 5%
- 10%
- 15%
- 20%
- 25%
- 30%
1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales
during that period | Current as of October 8 2012 All data from Regional Multiple Listing Service Inc | Powered by 10K Research and Marketing | Sponsored by Royal Credit Union
period. 8, 2012. Service, Inc. Marketing. www rcu org
www.rcu.org