TWIN CITIES OVERALL MARKET STATISTICS:
· Average sales price of a twin cities home to kick off the year is at $292,362 which is up 7.3% over last year
· The number of closed sales in January was 2,758; which is down for the month by 4.4%
· Avg % of List Price received is 96.9%; which is up 1.0%
· Average days on the market is 69, decrease over last year down 13.8%
· The Twin Cities have seen a decrease of 7.8% in new listings over last year with 4,041 new listings so far this year
· Current active inventory, compared to last year is down by 26.3%
· Months supply is at 1.3 months of inventory
 
MPLS OVERALL MARKET STATISTICS:
· The average sales price in Minneapolis is $278,507which is down 5.1% compared to last year 
· The number of closed sales in January was 259 which is down 14.5% to last year
· There were 327 new listings in January, which is down 17.2% to last year
· Avg % of List Price received is 97.2%; which is an increase of 1.7%
· Days on Market is down 18%, now averaging 54 days
· Current active inventory, year over year, is down over 26%
· Months supply is down 30% with 0.9 months of supply currently on the market
 
DOWNTOWN MARKET STATISTICS:
· The average sales price is $371,611 which is an decrease of 13.8% over last year
· The downtown market is down in total closed sales by 42% with only 22 properties closed year to date
· Avg % of List Price received is 95.4%; which is a slight decrease to last year
· Avg days on the market is 45 YTD
· New listings were down nearly 50% in January with 48 new listings for the month
· Current active inventory includes 85 listings, which is up 3.7%
· Current months supply of inventory is at 1.4 months which is flat to last year
 
NORTH LOOP OVERALL MARKET STATISTICS:
· Average sales price in the North Loop year to date is at $379,786 which is down 30.2% over last year
· The number of closed sales so far this year is 7; which is up 16.7% to last year
· Avg % of List Price received for the year averaged at 97.3% which is up 1.8% compared to last year
· Average days on the market is at 37 days YTD
· The North Loop has seen 11 new listings which is flat to last year
· Active inventory as of January included 10 properties for all of North Loop
· Months supply of Inventory is currently at 0.8 months supply
 
NORTHEAST MARKET STATISTICS:
· The average sales price in NE is $223,290 which is up 3.2% to last year
· The number of closed sales is down 17.9% over last year with 23 properties closed
· Home sales received 96.2% of the list price which is down about 1% over last year
· Days on the market has increased to 69 days
· New listings were down in January, with 26 listed during the month
· Inventory of homes for sale is down 29.7% year over year with 26 homes on the market in January
· Months supply of inventory is down to 0.6 which is a decrease of 25%
 
UPTOWN MARKET STATISTICS:
· The average sales price is $448,881 which is down 31.1% to last year
· Closed sales are down 45.2% with 17 closed this year
· The average sale is closing at 95.1% of the original list price which up 1.6% to last year
· Average listing is on the market for 95 days which is down 12.8%
· There were 28 new listings in January which is down 36.4%
· In January there were 68 homes for sale, which is 1.8 months supply, down 32% over last year

SOUTHWEST MARKET STATISTICS:
· The average sales price is $411,807 which is down 5.5% over last year
· There has been an increase in closed sales this year over last year of 9.3% with 47 properties closed this year
· The average sales price is 96.2% of the original list price which is up 0.9%
· Average listing is on the market for 54 days which is an decrease of 23% over last year
· There were 56 new listings in January, which is a 9.8% increase over last year
· Current inventory is down 7.4% in January compared to the previous year, with 70 homes on the market
· The months supply of inventory in January is flat to last year with 1.2 months supply