Local Minneapolis Market Update- January 2012

February 28, 2012

Below you will find your local market update for January 2012, new listings, closed sales and median sales prices for Minneapolis homes for sale.

We have seen a decrease year over date of new listings.  January 2012 we saw 547 new listings and homes for sale brought to market while in January 2011 that number was at 650.  This shows us supply of new Minneapolis homes for sale is decreasing and demand is rising.  Sold Homes for that same time period has maintained stable, median sales price is down about 15k to $120k however days on market has also decreased by about 18.2 percent to 128 from 157 days.

Minneapolis Real Estate Update

Check out the change in Medina sales price for Minneapolis real estate from the prior year.  We saw that the median sales price of a Minneapolis Home really dipped in and around the end of 2008 and 2009 while it actually rose in mid 2010.

Minneapolis Median Sales price jan 12

 

 

Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other than All Minneapolis Homes are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

 Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor All Minneapolis Homes shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

 

©2018  Regional Multiple Listing Service of Minnesota. All rights reserved.