TWIN CITIES OVERALL MARKET STATISTICS:
· Average sales price of a twin cities home for the year is at $291,346 which is up 6.5% over last year
· The number of closed sales in June was 7,430; which is up 2.2% over last year. Year to date closed sales are up 0.3%.
· Avg % of List Price received is 98.6%; which is up 1.0%
· Average days on the market is 60, decrease over last year down 15.5%
· The Twin Cities have seen a decrease of 2% in new listings over last year with 42,948 new listings this year
· Current active inventory, compared to last year is down by 16.5%
· Months supply is down 16.7% to 2.5 months of inventory
 
MPLS OVERALL MARKET STATISTICS:
· The average sales price in Minneapolis is $303,705 which is up, 7.8% compared to last year 
· The number of closed sales in June was 685, bringing the year to date to 2,694 an overall decrease of 0.4%
· There were 823 new listings in June, with 3,901 new listings this year, which is up slightly at +0.6% to last year
· Avg % of List Price received is 99.6%; which is an increase of 1.6%
· Days on Market is down 21.7%, now averaging 47 days
· Current active inventory, year over year, is down nearly 24%
· Months supply is down 25% with 1.8 months of supply currently on the market
 
DOWNTOWN MARKET STATISTICS:
· The average sales price is $400,693 which is an increase of 15.7% over last year
· The downtown market is down in total closed sales by with 309 properties closed year to date
· Avg % of List Price received is 98.1%; which is up 0.4% to last year
· Avg days on the market is 51 YTD
· New listings were up 13% in June with 87 new listings for the month and 590 year to date
· Current active inventory includes 136 listings, which is up 2.3%
· Current months supply of inventory is at 2.2 months which is down 4.3%
 
NORTH LOOP OVERALL MARKET STATISTICS:
· Average sales price in the North Loop year to date is at $430,348 which is up 8.3% over last year
· The number of closed sales so far this year is 82 ; which is down 18.8% to last year
· Avg % of List Price received for the year averaged at 98.8% which is up slightly to last year
· Average days on the market is at 34 days YTD
· The North Loop has seen a slight increase in new listing for the year with 20 new listings in June and 124 this year.
· Active inventory as of June included 22 properties for all of North Loop
· Months supply of Inventory is currently at 1.6 months supply
 
NORTHEAST MARKET STATISTICS:
· The average sales price in NE is $237,463 which is up 8.3%
· The number of closed sales is down 0.4% over last year with 258 properties closed YTD, 79 of those in June
· Home sales are receiving 101.6% of the list price which is up 1% to last year
· Days on the market has decreased by 41.% now averaging 28 days
· New listings were down in June, with 73 listed in the month and 327 YTD
· Inventory of homes for sale is down 30% year over year with 50 homes on the market in June, which is 1.1 months supply
 
UPTOWN MARKET STATISTICS:
· The average sales price is $502,953 which up to last year by 3%
· Closed sales are down 6.4% to last year with 53 closed transactions in June and 205 YTD
· The average sale is closing at 96.9% of the original list price which up 1.3% to last year
· Average listing is on the market for 78 days which is down 19.6%
· There were 83 new listings in June and 357 year to date.
· In June there were 136 homes for sale, which is 3.5 months supply, down 5.4% over last year
 
SOUTHWEST MARKET STATISTICS:
· The average sales price is $458,598 which is up 12.5% over last year
· There has been an increase in closed sales this year over last year, of 0.9% with 447 properties closed already this year
· The average sales price is 99.1% of the original list price which is up 1.1%
· Average listing is on the market for 48 days which is an decrease of 25% for the year
· There were 154 new listings in June, bringing the new listings this year to 669 which is up 1.2% year over year
· Current inventory is down 18.7% in June compared to the previous year, with 165 homes on the market
· The months supply of inventory as of June is down 16% with 2.1 months of supply.