Download to read offline
Twin cities market update june 2012
- 1. Local Market Update– May 2012 A RESEARCH TOOL PROVIDED BY THE MINNEAPOLIS AREA ASSOCIATION OF REALTORS® - 6.0% + 21.5% + 10.5% Twin Cities Change in New Listings Change in Closed Sales Change in Median Sales Price Region May Year to Date 2011 2012 +/– 2011 2012 +/– New Listings 7,022 6,599 - 6.0% 32,154 30,109 - 6.4% Closed Sales 3,807 4,627 + 21.5% 14,932 17,583 + 17.8% Median Sales Price* $153,000 $169,000 + 10.5% $145,000 $154,900 + 6.8% Average Sales Price* $194,610 $207,750 + 6.8% $186,592 $195,266 + 4.6% Price Per Square Foot* $94 $100 + 6.1% $91 $94 + 2.9% Percent of Original List Price Received* 91.1% 94.5% + 3.8% 89.5% 92.7% + 3.5% Days on Market Until Sale 155 125 - 19.5% 158 137 - 13.3% Inventory of Homes for Sale 25,038 17,347 - 30.7% -- -- -- Months Supply of Inventory 8.3 4.5 - 45.2% -- -- -- * Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size. 2011 2012 May Year to Date 2011 2012 7,022 32,154 6,599 30,109 4,627 3,807 17,583 14,932 - 6.0% + 21.5% - 6.4% + 17.8% New Listings Closed Sales New Listings Closed Sales Twin Cities Region b Change in Median Sales Price from Prior Year (6-Month Average)** Twin Cities Region a + 10% + 5% 0% - 5% - 10% - 15% - 20% - 25% 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 ** 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 June 13 2012 All data from Regional Multiple Listing Service Inc | Powered by 10K Research and Marketing | Sponsored by Royal Credit Union period. 13, 2012. Service, Inc. Marketing. www rcu org www.rcu.org