The Marketplace
13-County Metro
According to data released by the three Twin Cities area REALTOR® associations:
- In the 13-county metro area, total pending sales for 2009 ended at 52,167 – up 18 percent over 2008 and the highest number of units sold since 2005.
- The median sales price in the 13-county metro area in 2009 was $166,000 - down 14.9 percent from 2008. However, prices have seen stabilization recently. December’s median sales price was only down 3 percent from one year prior.
1. 2009 traditional median home price: $204,000 (-8.3 percent from one year ago)
2. 009 median sales price for lender-mediated: $124,000 (-14.2 percent from one year ago)
- In 2009, 43 percent of closed sales were lender-mediated compared with 31.4 in 2008.
- 2009 closed sales were up 16.7 percent over 2008.
- At the start of 2010 active listings were down 22.3 percent from a year ago.
- 2009 new listings decreased 11 percent from 2008, the lowest showing since 2003 and the third consecutive year of substantial decline.
- Average days on market were at 132 in Dec. 2009 compared with 148 in Dec. 2008.
Based on information from the “2009 Year End Housing Sales Statistics Press Release” published in concert by the Minneapolis Area Association of REALTORS® (MAAR), Saint Paul Area Association of REALTORS® (SPAAR) and North Metro REALTORS® Association (NMRA). Data collected from the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC. for residential properties in the 13-county region exclusively.
