A Research Tool Provided by the Minnesota Association of ...€¦ · Key Metrics 2019 2020 Percent...
Transcript of A Research Tool Provided by the Minnesota Association of ...€¦ · Key Metrics 2019 2020 Percent...
![Page 1: A Research Tool Provided by the Minnesota Association of ...€¦ · Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change New Listings 60 83 + 38.3% 347 318](https://reader034.fdocuments.in/reader034/viewer/2022042809/5f92282cea306b2ccf61ea5b/html5/thumbnails/1.jpg)
1 – Northwest Region 7E – East Central Region
2 – Headwaters Region 7W – Central Region
3 – Arrowhead Region 8 – Southwest Region
4 – West Central Region 9 – South Central Region
5 – North Central Region 10 – Southeast Region
6E – Southwest Central Region 11 – 7-County Twin Cities Region
6W – Upper Minnesota Valley Region
Local Market Updates for June 2020A Research Tool Provided by the Minnesota Association of REALTORS®
Current as of July 7, 2020. All data from the multiple listing services in the state of Minnesota. Report © 2020 ShowingTime.
Minnesota RegionalDevelopment Organizations
![Page 2: A Research Tool Provided by the Minnesota Association of ...€¦ · Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change New Listings 60 83 + 38.3% 347 318](https://reader034.fdocuments.in/reader034/viewer/2022042809/5f92282cea306b2ccf61ea5b/html5/thumbnails/2.jpg)
Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change
New Listings 60 83 + 38.3% 347 318 - 8.4%
Closed Sales 47 29 - 38.3% 185 179 - 3.2%
Median Sales Price* $139,900 $159,000 + 13.7% $137,450 $128,875 - 6.2%
Percent of Original List Price Received* 91.8% 92.7% + 1.0% 92.0% 90.6% - 1.5%
Days on Market Until Sale 153 194 + 26.8% 159 159 0.0%
Months Supply of Inventory 5.3 6.2 + 17.0% -- -- --
* Does not account for sale concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.
June
Current as of July 7, 2020. All data from the multiple listing services in the state of Minnesota. Report © 2020 ShowingTime. Percent changes are calculated using rounded figures.
Statewide — 1 – Northwest Region —
Local Market Update for June 2020A Research Tool Provided by the Minnesota Association of REALTORS®
1 – Northwest RegionJune Year to Date
6047
83
29
New Listings Closed Sales
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
1-2015 1-2016 1-2017 1-2018 1-2019 1-2020
Historical Median Sales Price Rolling 12-Month Calculation
91.8% 92.7%
Pct. of Orig. Price Received
5.36.2
Months Supply
2019 2020
+ 38.3% - 38.3% + 1.0% + 17.0%
![Page 3: A Research Tool Provided by the Minnesota Association of ...€¦ · Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change New Listings 60 83 + 38.3% 347 318](https://reader034.fdocuments.in/reader034/viewer/2022042809/5f92282cea306b2ccf61ea5b/html5/thumbnails/3.jpg)
Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change
New Listings 247 145 - 41.3% 1,051 806 - 23.3%
Closed Sales 146 139 - 4.8% 492 448 - 8.9%
Median Sales Price* $191,500 $183,700 - 4.1% $180,000 $190,000 + 5.6%
Percent of Original List Price Received* 96.3% 95.2% - 1.1% 95.0% 94.9% - 0.1%
Days on Market Until Sale 71 99 + 39.4% 104 103 - 1.0%
Months Supply of Inventory 5.8 4.3 - 25.9% -- -- --
* Does not account for sale concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.
June
Current as of July 7, 2020. All data from the multiple listing services in the state of Minnesota. Report © 2020 ShowingTime. Percent changes are calculated using rounded figures.
Statewide — 2 – Headwaters Region —
Local Market Update for June 2020A Research Tool Provided by the Minnesota Association of REALTORS®
2 – Headwaters RegionJune Year to Date
247
146145 139
New Listings Closed Sales
$140,000
$160,000
$180,000
$200,000
$220,000
$240,000
$260,000
1-2015 1-2016 1-2017 1-2018 1-2019 1-2020
Historical Median Sales Price Rolling 12-Month Calculation
96.3% 95.2%
Pct. of Orig. Price Received
5.8
4.3
Months Supply
2019 2020
- 41.3% - 4.8% - 1.1% - 25.9%
![Page 4: A Research Tool Provided by the Minnesota Association of ...€¦ · Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change New Listings 60 83 + 38.3% 347 318](https://reader034.fdocuments.in/reader034/viewer/2022042809/5f92282cea306b2ccf61ea5b/html5/thumbnails/4.jpg)
Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change
New Listings 942 871 - 7.5% 3,931 3,264 - 17.0%
Closed Sales 523 551 + 5.4% 2,050 1,895 - 7.6%
Median Sales Price* $180,000 $182,000 + 1.1% $165,000 $172,500 + 4.5%
Percent of Original List Price Received* 95.9% 95.4% - 0.5% 94.1% 94.3% + 0.2%
Days on Market Until Sale 84 77 - 8.3% 90 85 - 5.6%
Months Supply of Inventory 6.6 5.2 - 21.2% -- -- --
* Does not account for sale concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.
June
Current as of July 7, 2020. All data from the multiple listing services in the state of Minnesota. Report © 2020 ShowingTime. Percent changes are calculated using rounded figures.
Statewide — 3 – Arrowhead Region —
Local Market Update for June 2020A Research Tool Provided by the Minnesota Association of REALTORS®
3 – Arrowhead RegionJune Year to Date
942
523
871
551
New Listings Closed Sales
$120,000
$140,000
$160,000
$180,000
$200,000
$220,000
$240,000
$260,000
1-2015 1-2016 1-2017 1-2018 1-2019 1-2020
Historical Median Sales Price Rolling 12-Month Calculation
95.9% 95.4%
Pct. of Orig. Price Received
6.6
5.2
Months Supply
2019 2020
- 7.5% + 5.4% - 0.5% - 21.2%
![Page 5: A Research Tool Provided by the Minnesota Association of ...€¦ · Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change New Listings 60 83 + 38.3% 347 318](https://reader034.fdocuments.in/reader034/viewer/2022042809/5f92282cea306b2ccf61ea5b/html5/thumbnails/5.jpg)
Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change
New Listings 413 423 + 2.4% 1,968 1,812 - 7.9%
Closed Sales 340 309 - 9.1% 997 992 - 0.5%
Median Sales Price* $220,000 $214,100 - 2.7% $199,950 $202,500 + 1.3%
Percent of Original List Price Received* 96.1% 95.9% - 0.2% 94.7% 95.1% + 0.4%
Days on Market Until Sale 62 57 - 8.1% 81 73 - 9.9%
Months Supply of Inventory 5.8 4.6 - 20.7% -- -- --
* Does not account for sale concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.
June
Current as of July 7, 2020. All data from the multiple listing services in the state of Minnesota. Report © 2020 ShowingTime. Percent changes are calculated using rounded figures.
Statewide — 4 – West Central Region —
Local Market Update for June 2020A Research Tool Provided by the Minnesota Association of REALTORS®
4 – West Central RegionJune Year to Date
413
340
423
309
New Listings Closed Sales
$140,000
$160,000
$180,000
$200,000
$220,000
$240,000
$260,000
1-2015 1-2016 1-2017 1-2018 1-2019 1-2020
Historical Median Sales Price Rolling 12-Month Calculation
96.1% 95.9%
Pct. of Orig. Price Received
5.8
4.6
Months Supply
2019 2020
+ 2.4% - 9.1% - 0.2% - 20.7%
![Page 6: A Research Tool Provided by the Minnesota Association of ...€¦ · Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change New Listings 60 83 + 38.3% 347 318](https://reader034.fdocuments.in/reader034/viewer/2022042809/5f92282cea306b2ccf61ea5b/html5/thumbnails/6.jpg)
Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change
New Listings 549 451 - 17.9% 2,323 2,011 - 13.4%
Closed Sales 348 386 + 10.9% 1,265 1,243 - 1.7%
Median Sales Price* $195,000 $225,000 + 15.4% $190,000 $206,000 + 8.4%
Percent of Original List Price Received* 96.4% 96.1% - 0.3% 95.1% 95.1% 0.0%
Days on Market Until Sale 61 72 + 18.0% 78 80 + 2.6%
Months Supply of Inventory 5.7 3.5 - 38.6% -- -- --
* Does not account for sale concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.
June
Current as of July 7, 2020. All data from the multiple listing services in the state of Minnesota. Report © 2020 ShowingTime. Percent changes are calculated using rounded figures.
Statewide — 5 – North Central Region —
Local Market Update for June 2020A Research Tool Provided by the Minnesota Association of REALTORS®
5 – North Central RegionJune Year to Date
549
348
451386
New Listings Closed Sales
$140,000
$160,000
$180,000
$200,000
$220,000
$240,000
$260,000
1-2015 1-2016 1-2017 1-2018 1-2019 1-2020
Historical Median Sales Price Rolling 12-Month Calculation
96.4% 96.1%
Pct. of Orig. Price Received
5.7
3.5
Months Supply
2019 2020
- 17.9% + 10.9% - 0.3% - 38.6%
![Page 7: A Research Tool Provided by the Minnesota Association of ...€¦ · Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change New Listings 60 83 + 38.3% 347 318](https://reader034.fdocuments.in/reader034/viewer/2022042809/5f92282cea306b2ccf61ea5b/html5/thumbnails/7.jpg)
Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change
New Listings 214 193 - 9.8% 1,020 874 - 14.3%
Closed Sales 194 148 - 23.7% 694 643 - 7.3%
Median Sales Price* $159,500 $184,900 + 15.9% $159,250 $177,625 + 11.5%
Percent of Original List Price Received* 97.4% 96.7% - 0.7% 95.2% 95.9% + 0.7%
Days on Market Until Sale 55 67 + 21.8% 78 68 - 12.8%
Months Supply of Inventory 3.7 2.7 - 27.0% -- -- --
* Does not account for sale concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.
June
Current as of July 7, 2020. All data from the multiple listing services in the state of Minnesota. Report © 2020 ShowingTime. Percent changes are calculated using rounded figures.
Statewide — 6E – Southwest Central Region —
Local Market Update for June 2020A Research Tool Provided by the Minnesota Association of REALTORS®
6E – Southwest Central RegionJune Year to Date
214194193
148
New Listings Closed Sales
$120,000
$140,000
$160,000
$180,000
$200,000
$220,000
$240,000
$260,000
1-2015 1-2016 1-2017 1-2018 1-2019 1-2020
Historical Median Sales Price Rolling 12-Month Calculation
97.4% 96.7%
Pct. of Orig. Price Received
3.7
2.7
Months Supply
2019 2020
- 9.8% - 23.7% - 0.7% - 27.0%
![Page 8: A Research Tool Provided by the Minnesota Association of ...€¦ · Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change New Listings 60 83 + 38.3% 347 318](https://reader034.fdocuments.in/reader034/viewer/2022042809/5f92282cea306b2ccf61ea5b/html5/thumbnails/8.jpg)
Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change
New Listings 65 62 - 4.6% 272 224 - 17.6%
Closed Sales 32 43 + 34.4% 161 158 - 1.9%
Median Sales Price* $104,200 $99,000 - 5.0% $87,500 $93,450 + 6.8%
Percent of Original List Price Received* 91.1% 87.6% - 3.8% 90.0% 88.9% - 1.2%
Days on Market Until Sale 124 126 + 1.6% 132 116 - 12.1%
Months Supply of Inventory 6.8 4.8 - 29.4% -- -- --
* Does not account for sale concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.
June
Current as of July 7, 2020. All data from the multiple listing services in the state of Minnesota. Report © 2020 ShowingTime. Percent changes are calculated using rounded figures.
Statewide — 6W – Upper Minnesota Valley Region —
Local Market Update for June 2020A Research Tool Provided by the Minnesota Association of REALTORS®
6W – Upper Minnesota Valley RegionJune Year to Date
65
32
62
43
New Listings Closed Sales
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
1-2015 1-2016 1-2017 1-2018 1-2019 1-2020
Historical Median Sales Price Rolling 12-Month Calculation
91.1% 87.6%
Pct. of Orig. Price Received
6.8
4.8
Months Supply
2019 2020
- 4.6% + 34.4% - 3.8% - 29.4%
![Page 9: A Research Tool Provided by the Minnesota Association of ...€¦ · Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change New Listings 60 83 + 38.3% 347 318](https://reader034.fdocuments.in/reader034/viewer/2022042809/5f92282cea306b2ccf61ea5b/html5/thumbnails/9.jpg)
Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change
New Listings 477 399 - 16.4% 2,001 1,882 - 5.9%
Closed Sales 288 328 + 13.9% 1,204 1,244 + 3.3%
Median Sales Price* $230,000 $239,950 + 4.3% $220,000 $234,612 + 6.6%
Percent of Original List Price Received* 98.5% 98.9% + 0.4% 97.7% 97.7% 0.0%
Days on Market Until Sale 46 48 + 4.3% 59 55 - 6.8%
Months Supply of Inventory 3.8 2.4 - 36.8% -- -- --
* Does not account for sale concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.
June
Current as of July 7, 2020. All data from the multiple listing services in the state of Minnesota. Report © 2020 ShowingTime. Percent changes are calculated using rounded figures.
Statewide — 7E – East Central Region —
Local Market Update for June 2020A Research Tool Provided by the Minnesota Association of REALTORS®
7E – East Central RegionJune Year to Date
477
288
399328
New Listings Closed Sales
$140,000
$160,000
$180,000
$200,000
$220,000
$240,000
$260,000
1-2015 1-2016 1-2017 1-2018 1-2019 1-2020
Historical Median Sales Price Rolling 12-Month Calculation
98.5% 98.9%
Pct. of Orig. Price Received
3.8
2.4
Months Supply
2019 2020
- 16.4% + 13.9% + 0.4% - 36.8%
![Page 10: A Research Tool Provided by the Minnesota Association of ...€¦ · Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change New Listings 60 83 + 38.3% 347 318](https://reader034.fdocuments.in/reader034/viewer/2022042809/5f92282cea306b2ccf61ea5b/html5/thumbnails/10.jpg)
Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change
New Listings 1,092 895 - 18.0% 5,151 5,028 - 2.4%
Closed Sales 812 838 + 3.2% 3,173 3,232 + 1.9%
Median Sales Price* $244,900 $260,000 + 6.2% $239,000 $250,000 + 4.6%
Percent of Original List Price Received* 98.6% 98.6% 0.0% 98.0% 98.2% + 0.2%
Days on Market Until Sale 40 43 + 7.5% 52 50 - 3.8%
Months Supply of Inventory 3.4 2.0 - 41.2% -- -- --
* Does not account for sale concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.
June
Current as of July 7, 2020. All data from the multiple listing services in the state of Minnesota. Report © 2020 ShowingTime. Percent changes are calculated using rounded figures.
Statewide — 7W – Central Region —
Local Market Update for June 2020A Research Tool Provided by the Minnesota Association of REALTORS®
7W – Central RegionJune Year to Date
1,092
812895 838
New Listings Closed Sales
$160,000
$180,000
$200,000
$220,000
$240,000
$260,000
1-2015 1-2016 1-2017 1-2018 1-2019 1-2020
Historical Median Sales Price Rolling 12-Month Calculation
98.6% 98.6%
Pct. of Orig. Price Received
3.4
2.0
Months Supply
2019 2020
- 18.0% + 3.2% 0.0% - 41.2%
![Page 11: A Research Tool Provided by the Minnesota Association of ...€¦ · Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change New Listings 60 83 + 38.3% 347 318](https://reader034.fdocuments.in/reader034/viewer/2022042809/5f92282cea306b2ccf61ea5b/html5/thumbnails/11.jpg)
Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change
New Listings 144 188 + 30.6% 643 680 + 5.8%
Closed Sales 117 120 + 2.6% 386 439 + 13.7%
Median Sales Price* $142,950 $115,500 - 19.2% $110,000 $125,000 + 13.6%
Percent of Original List Price Received* 95.6% 91.4% - 4.4% 92.0% 90.9% - 1.2%
Days on Market Until Sale 85 91 + 7.1% 104 98 - 5.8%
Months Supply of Inventory 5.7 4.1 - 28.1% -- -- --
* Does not account for sale concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.
June
Current as of July 7, 2020. All data from the multiple listing services in the state of Minnesota. Report © 2020 ShowingTime. Percent changes are calculated using rounded figures.
Statewide — 8 – Southwest Region —
Local Market Update for June 2020A Research Tool Provided by the Minnesota Association of REALTORS®
8 – Southwest RegionJune Year to Date
144117
188
120
New Listings Closed Sales
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
1-2015 1-2016 1-2017 1-2018 1-2019 1-2020
Historical Median Sales Price Rolling 12-Month Calculation
95.6% 91.4%
Pct. of Orig. Price Received
5.7
4.1
Months Supply
2019 2020
+ 30.6% + 2.6% - 4.4% - 28.1%
![Page 12: A Research Tool Provided by the Minnesota Association of ...€¦ · Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change New Listings 60 83 + 38.3% 347 318](https://reader034.fdocuments.in/reader034/viewer/2022042809/5f92282cea306b2ccf61ea5b/html5/thumbnails/12.jpg)
Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change
New Listings 405 390 - 3.7% 1,935 1,832 - 5.3%
Closed Sales 360 352 - 2.2% 1,262 1,365 + 8.2%
Median Sales Price* $189,200 $186,500 - 1.4% $175,000 $182,600 + 4.3%
Percent of Original List Price Received* 96.6% 97.0% + 0.4% 94.8% 95.5% + 0.7%
Days on Market Until Sale 94 93 - 1.1% 104 100 - 3.8%
Months Supply of Inventory 3.7 2.6 - 29.7% -- -- --
* Does not account for sale concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.
June
Current as of July 7, 2020. All data from the multiple listing services in the state of Minnesota. Report © 2020 ShowingTime. Percent changes are calculated using rounded figures.
Statewide — 9 – South Central Region —
Local Market Update for June 2020A Research Tool Provided by the Minnesota Association of REALTORS®
9 – South Central RegionJune Year to Date
405360
390352
New Listings Closed Sales
$120,000
$140,000
$160,000
$180,000
$200,000
$220,000
$240,000
$260,000
1-2015 1-2016 1-2017 1-2018 1-2019 1-2020
Historical Median Sales Price Rolling 12-Month Calculation
96.6% 97.0%
Pct. of Orig. Price Received
3.7
2.6
Months Supply
2019 2020
- 3.7% - 2.2% + 0.4% - 29.7%
![Page 13: A Research Tool Provided by the Minnesota Association of ...€¦ · Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change New Listings 60 83 + 38.3% 347 318](https://reader034.fdocuments.in/reader034/viewer/2022042809/5f92282cea306b2ccf61ea5b/html5/thumbnails/13.jpg)
Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change
New Listings 828 790 - 4.6% 4,236 4,072 - 3.9%
Closed Sales 841 753 - 10.5% 3,098 3,020 - 2.5%
Median Sales Price* $225,000 $233,200 + 3.6% $209,900 $223,000 + 6.2%
Percent of Original List Price Received* 98.1% 98.1% 0.0% 97.1% 97.1% 0.0%
Days on Market Until Sale 51 51 0.0% 61 60 - 1.6%
Months Supply of Inventory 3.0 2.0 - 33.3% -- -- --
* Does not account for sale concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.
June
Current as of July 7, 2020. All data from the multiple listing services in the state of Minnesota. Report © 2020 ShowingTime. Percent changes are calculated using rounded figures.
Statewide — 10 – Southeast Region —
Local Market Update for June 2020A Research Tool Provided by the Minnesota Association of REALTORS®
10 – Southeast RegionJune Year to Date
828 841790 753
New Listings Closed Sales
$140,000
$160,000
$180,000
$200,000
$220,000
$240,000
$260,000
1-2015 1-2016 1-2017 1-2018 1-2019 1-2020
Historical Median Sales Price Rolling 12-Month Calculation
98.1% 98.1%
Pct. of Orig. Price Received
3.0
2.0
Months Supply
2019 2020
- 4.6% - 10.5% 0.0% - 33.3%
![Page 14: A Research Tool Provided by the Minnesota Association of ...€¦ · Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change New Listings 60 83 + 38.3% 347 318](https://reader034.fdocuments.in/reader034/viewer/2022042809/5f92282cea306b2ccf61ea5b/html5/thumbnails/14.jpg)
Key Metrics 2019 2020 Percent Change Thru 6-2019 Thru 6-2020 Percent Change
New Listings 7,089 6,110 - 13.8% 34,250 31,442 - 8.2%
Closed Sales 5,694 4,972 - 12.7% 22,542 21,490 - 4.7%
Median Sales Price* $299,500 $313,250 + 4.6% $285,200 $300,725 + 5.4%
Percent of Original List Price Received* 100.2% 99.7% - 0.5% 99.3% 99.2% - 0.1%
Days on Market Until Sale 31 32 + 3.2% 39 38 - 2.6%
Months Supply of Inventory 2.5 1.7 - 32.0% -- -- --
* Does not account for sale concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.
June
Current as of July 7, 2020. All data from the multiple listing services in the state of Minnesota. Report © 2020 ShowingTime. Percent changes are calculated using rounded figures.
Statewide — 11 – 7-County Twin Cities Region —
Local Market Update for June 2020A Research Tool Provided by the Minnesota Association of REALTORS®
11 – 7-County Twin Cities RegionJune Year to Date
7,089
5,6946,1104,972
New Listings Closed Sales
$180,000
$200,000
$220,000
$240,000
$260,000
$280,000
$300,000
1-2015 1-2016 1-2017 1-2018 1-2019 1-2020
Historical Median Sales Price Rolling 12-Month Calculation
100.2% 99.7%
Pct. of Orig. Price Received
2.5
1.7
Months Supply
2019 2020
- 13.8% - 12.7% - 0.5% - 32.0%