TWIN CITIES OVERALL MARKET STATISTICS:
· Average sales price of a twin cities home for the year is at $293,720 which is up 7.5% over last year
· The number of closed sales in July was 6,20; which is down 2.6% over last year. Year to date closed sales are up 0.1%.
· Avg % of List Price received is 98.7%; which is up 1.0%
· Average days on the market is 57, decrease over last year down 16.2%
· The Twin Cities have seen a decrease of 2.3% in new listings over last year with 50,170 new listings this year
· Current active inventory, compared to last year is down by 18.3%
· Months supply is down 19.4% to 2.5 months of inventory
 
MPLS OVERALL MARKET STATISTICS:
· The average sales price in Minneapolis is $304,565 which is up, 8.8% compared to last year 
· The number of closed sales in July was 585, bringing the year to date to 3,289 which is flat to last year
· There were 659 new listings in July, with 4,560 new listings this year, which is up slightly at +0.1% to last year
· Avg % of List Price received is 99.6%; which is an increase of 1.5%
· Days on Market is down 24.1%, now averaging 44 days
· Current active inventory, year over year, is down nearly 21.9%
· Months supply is down 25% with 1.8 months of supply currently on the market
 
DOWNTOWN MARKET STATISTICS:
· The average sales price is $398,516 which is an increase of 15.4% over last year
· The downtown market is down in total closed sales by with 674 properties closed year to date
· Avg % of List Price received is 98.0%; which is up 0.4% to last year
· Avg days on the market is 49 YTD
· New listings were up 9% in July with 84 new listings for the month and 674 year to date
· Current active inventory includes 145 listings, which is up 12.4%
· Current months supply of inventory is at 2.4 months which is up 4.3%
 
NORTH LOOP OVERALL MARKET STATISTICS:
· Average sales price in the North Loop year to date is at $448,306 which is up 13.4% over last year
· The number of closed sales so far this year is 99 ; which is down 18.2% to last year
· Avg % of List Price received for the year averaged at 98.6% which is up slightly to last year
· Average days on the market is at 33 days YTD
· The North Loop has seen a decrease in new listing for the year with 18 new listings in July and 142 this year.
· Active inventory as of June included 27 properties for all of North Loop
· Months supply of Inventory is currently at 2.0 months supply
 
NORTHEAST MARKET STATISTICS:
· The average sales price in NE is $238,309 which is up 7.2%
· The number of closed sales is down 3.3% over last year with 320 properties closed YTD, 62 of those in July
· Home sales are receiving 101.7% of the list price which is up 1.1% to last year
· Days on the market has decreased by 38% now averaging 26 days
· New listings were up in July, with 61 listed in the month and 388 YTD
· Inventory of homes for sale is down 11.3% year over year with 55 homes on the market in July, which is 1.2 months supply
 
UPTOWN MARKET STATISTICS:
· The average sales price is $495,589 which up to last year by 8.8%
· Closed sales are down 5.5% to last year with 54 closed transactions in June and 259 YTD
· The average sale is closing at 96.8% of the original list price which up 1.1% to last year
· Average listing is on the market for 75 days which is down 17.6%
· There were 63 new listings in July and 420 year to date.
· In July there were 140 homes for sale, which is 3.6 months supply, up 3.6% over last year
 
SOUTHWEST MARKET STATISTICS:
· The average sales price is $463,966 which is up 12.5% over last year
· There has been an increase in closed sales this year over last year, of 3% with 547 properties closed already this year
· The average sales price is 99% of the original list price which is up 1%
· Average listing is on the market for 45 days which is an decrease of 28.6% for the year
· There were 107 new listings in July, bringing the new listings this year to 776 which is up 1.3% year over year
· Current inventory is down 23.4% in July compared to the previous year, with 154 homes on the market
· The months supply of inventory as of July is down 23% with 2 months of supply.