Average Listing Price                       Median Sales Price                              Average Price/sqft             Sales     

 $258,002                                                      $139,025                                               $165                                   1,728

            

 -0.1%                                                           +3%                                                            +26%                                +25.4% 

 

 

More Minneapolis Market Trends

The median sales price for homes in Minneapolis MN for Jan 11 to Mar 11 was $139,025.  The average listing price for Minneapolis homes for sale on Trulia was $258,002 for the week ending Apr 27, which represents a decline of 0.1. Average price per square foot for Minneapolis MN was $165, an increase of 26% compared to the same period last year.

Pending sales in the Twin Cities metropolitan area decreased 17.6 percent from March 2010 to 4,162 purchase agreements signed.  Inventory levels shrunk by 4.5 percent the lowest March inventory count since 2005. This trend will help stabilize prices and restore balance to the market.  Market activity can vary greatly from one segment to the next. Although overall purchase activity was down 17.6 percent, the foreclosure segment saw a 31.3 percent jump in pending sales and a 29.9 percent jump in closed sales. Foreclosure prices decreased 11.0 percent to $105,000; short sale prices decreased 6.9 percent to $134,950; and traditional prices decreased 3.5 percent to $192,000. While the bargain status of lender owned or REO properties unquestionably helped their surge among consumers.

When you’re ready to start looking for a home in Minnesota please call us at Realty Group, Inc we are your solution for real estate in Minnesota.

Stats and Graph courtesy of Trulia.com