TWIN CITIES OVERALL MARKET STATISTICS:
· Average sales price of a twin cities home for the year is at $293,067 which is up 7.3% over last year
· The number of closed sales in Oct was 4,994; which is up 0.3% over last year. Year to date closed sales are down 0.2%.
· Avg % of List Price received is 98.5%; which is up 0.9%
· Average days on the market is 56, decrease over last year down 13.8%
· The Twin Cities have seen a decrease of 1.9% in new listings over last year with 70,308 new listings this year
· Current active inventory, compared to last year is down by 18%
· Months supply is down 18.5% to 2.2 months of inventory
 
MPLS OVERALL MARKET STATISTICS:
· The average sales price in Minneapolis is $304,449 which is up, 8.1% compared to last year 
· The number of closed sales in October was 469 bringing the year to date to 4,851 which is down slightly from last year
· There were 514 new listings in October, with 6,364 new listings this year, which is flat to last year
· Avg % of List Price received is 99.3%; which is an increase of 1.3%
· Days on Market is down 20%, now averaging 43 days
· Current active inventory, year over year, is down over 15.6%
· Months supply is down 14.3% with 1.8 months of supply currently on the market
 
DOWNTOWN MARKET STATISTICS:
· The average sales price is $396,365 which is an increase of 10% over last year
· The downtown market is down in total closed sales by with 542 properties closed year to date
· Avg % of List Price received is 97.8%; which is a slight decrease to last year
· Avg days on the market is 51 YTD
· New listings were up 66% in October with 78 new listings for the month and 924 year to date
· Current active inventory includes 131 listings, which is up 24.8%
· Current months supply of inventory is at 2.1 months which is up 10.5%
 
NORTH LOOP OVERALL MARKET STATISTICS:
· Average sales price in the North Loop year to date is at $429,078 which is up 8.5% over last year
· The number of closed sales so far this year is 131; which is down 22.9% to last year
· Avg % of List Price received for the year averaged at 98.3% which is down slightly from last year
· Average days on the market is at 36 days YTD
· The North Loop has seen a decrease in new listing for the year with 14 new listings in October and 186 this year.
· Active inventory as of October included 19 properties for all of North Loop
· Months supply of Inventory is currently at 1.5 months supply
 
NORTHEAST MARKET STATISTICS:
· The average sales price in NE is $241,535 which is up 8.2%
· The number of closed sales is down 4.3% over last year with 469 properties closed YTD, 48 of those in October
· Home sales are receiving 101.1% of the list price which is up 0.9% to last year
· Days on the market has decreased by 34% now averaging 25 days
· New listings were up in October, with 50 listed in the month and 548 YTD
· Inventory of homes for sale is down 11.7% year over year with 53 homes on the market in October, which is 1.2 months supply
 
UPTOWN MARKET STATISTICS:
· The average sales price is $488,320 which up to last year by 6.6%
· Closed sales are down 3.2% to last year with 32 closed transactions in Oct and 391 YTD
· The average sale is closing at 96.4% of the original list price which up 0.6% to last year
· Average listing is on the market for 72 days which is down 17.2%
· There were 38 new listings in October and 563 year to date.
· In October there were 119 homes for sale, which is 3.2 months supply, down 8.6% over last year

SOUTHWEST MARKET STATISTICS:
· The average sales price is $455,024 which is up 8.9% over last year
· There has been an increase in closed sales this year over last year of 2.7% with 795 properties closed this year
· The average sales price is 98.5% of the original list price which is up 0.7%
· Average listing is on the market for 44 days which is an decrease of 25% for the year
· There were 79 new listings in Oct, bringing the new listings this year to 1,069 which is up 2.4% year over year
· Current inventory was down 2.5% in October compared to the previous year, with 158 homes on the market
· The months supply of inventory as of October was flat with 2.1 months of supply.