TWIN CITIES OVERALL MARKET STATISTICS:
· The Average sales price of a twin cities home is at $311,831 which is up 6.5% over last year
· The number of closed sales in Aug was 6,629; which is up slightly for the month, and down for the year by 4.5%
· Avg % of List Price received is 99.5%; which is up 0.9%
· Average days on the market is 48, decrease over last year down 15.8%
· The Twin Cities have seen a decrease of 2.9% in new listings over last year with 56,632 new listings so far this year
· Current active inventory, compared to last year is down by 7.8%
· Months supply is at 2.5 months of inventory which is down 3.8%
 
MPLS OVERALL MARKET STATISTICS:
· The average sales price in Minneapolis is $324,504 which is up 5.7% compared to last year 
· The number of closed sales in Aug was 605 which is down 0.5% to last year
· There were 760 new listings in Aug, which is up 11.1% to last year
· Avg % of List Price received is 100.3%; which is an increase of 0.7%
· Days on Market is down 12.5%, now averaging 35 days
· Current active inventory, year over year, is down 1%.
· Months supply is down flat with 2.1 months of supply currently on the market
 
DOWNTOWN MARKET STATISTICS:
· The average sales price is $416,530 which is an increase of 4% over last year
· The downtown market is up in total closed sales by 0.5% with only 441 properties closed year to date (note that 77 of those closed in August which was up 16.7%)
· Avg % of List Price received is 97.8%; which is a slight decrease to last year
· Avg days on the market is 60 days YTD
· New listings were up in Aug with 97 new listings for the month, still down for the year by nearly 1% for the year
· Current active inventory includes 174 listings, which is up 20%
· Current months supply of inventory is at 2.8 months which is up 21.7% to last year
 
NORTH LOOP OVERALL MARKET STATISTICS:
· Average sales price in the North Loop year to date is at $428,984 which is down 2.7% over last year
· The number of closed sales so far this year is at 100; which is down 10% to last year
· Avg % of List Price received for the year averaged at 98.2% which is down 0.4% to last year
· Average days on the market is at 55 days YTD
· The North Loop has seen 148 new listings this year which is down 6.3% to last year
· Active inventory as of Aug included 37 properties
· Months supply of Inventory is currently at 3 months supply
 
NORTHEAST MARKET STATISTICS:
· The average sales price in NE is $265,417 which is up 10.9% to last year
· The number of closed sales is down 8.7% over last year with 345 properties closed YTD
· Home sales received 101.2% of the list price which is down 0.4% over last year
· Days on the market has increased to 20 days
· New listings were up in Aug, with 73 listed during the month
· Inventory of homes for sale is down 10.8% year over year with 58 homes on the market in Aug.
· Months supply of inventory is down to 1.4 month, which is a decrease of 6.7%
 
UPTOWN MARKET STATISTICS:
· The average sales price is $473,056 which is down 3.6% to last year
· Closed sales are up nearly 6% with 337 closed this year
· The average sale is closing at 97% of the original list price which up 0.4% to last year
· Average listing is on the market for 73 days which is flat to last year
· There were 76 new listings in Aug which is up over last year
· In Aug there were 145 homes for sale, which is 3.6 months supply, up 5% over last year

SOUTHWEST MARKET STATISTICS:
· The average sales price is $465,934 which is up 0.1% over last year
· There have been 635 closed sales this year, down 3.8%
· The average sales price achieving is 99% of the original list price which is flat to last year.
· Average listing is on the market for 46 days which is an increase of 2.2% over last year
· There were 129 new listings in Aug, which is an increase over last year
· Current inventory is down 0.6% compared to the previous year, with 176 homes on the market
· The months supply of inventory in Aug is up 8.7% to last year with 2.5 months supply