TWIN CITIES OVERALL MARKET STATISTICS:
· Average sales price of a twin cities home to kick off the year is at $297,784 which is up 8.5% over last year
· The number of closed sales in March was 3,978; which is down for the month by 10%, and for the year by 6.5%
· Avg % of List Price received is 98.1%; which is up 1.1%
· Average days on the market is 64, decrease over last year down 16.9%
· The Twin Cities have seen a decrease of 12% in new listings over last year with 15,857 new listings so far this year
· Current active inventory, compared to last year is down by 26%
· Months supply is at 1.7 months of inventory which is down 22%
 
MPLS OVERALL MARKET STATISTICS:
· The average sales price in Minneapolis is $310,040 which is up 6.3% compared to last year 
· The number of closed sales in March was 396 which is down 3.9% to last year
· There were 646 new listings in March, which is down over 13% to last year
· Avg % of List Price received is 8.5%; which is an increase of 0.9%
· Days on Market is down 15%, now averaging 52 days
· Current active inventory, year over year, is down over 24%
· Months supply is down 25% with 1.2 months of supply currently on the market
 
DOWNTOWN MARKET STATISTICS:
· The average sales price is $420,455 which is an increase of 2% over last year
· The downtown market is down in total closed sales by 4.4% with only 109 properties closed year to date
· Avg % of List Price received is 97.1%; which is a slight decrease to last year
· Avg days on the market is 56 YTD
· New listings were down in March with 108 new listings in March, still down for the year by nearly 20%
· Current active inventory includes 140 listings, which is up nearly 15%
· Current months supply of inventory is at 2.3 months which is up 15% to last year
 
NORTH LOOP OVERALL MARKET STATISTICS:
· Average sales price in the North Loop year to date is at $427,276 which is down 8% over last year
· The number of closed sales so far this year is 29; which is down 6.5% to last year
· Avg % of List Price received for the year averaged at 97.7% which is flat compared to last year
· Average days on the market is at 37 days YTD
· The North Loop has seen 45 new listings which is down 22% to last year
· Active inventory as of March included 17 properties for all of North Loop
· Months supply of Inventory is currently at 1.4 months supply
 
NORTHEAST MARKET STATISTICS:
· The average sales price in NE is $249,700 which is up 13.6% to last year
· The number of closed sales is down 16% over last year with 72 properties closed YTD
· Home sales received 98.5% of the list price which is down 0.2% over last year
· Days on the market has increased to 51 days
· New listings were down in March, with 45 listed during the month
· Inventory of homes for sale is down 20% year over year with 31 homes on the market in March
· Months supply of inventory is down to 0.7 which is a decrease of 12.5%
 
UPTOWN MARKET STATISTICS:
· The average sales price is $457,956 which is down 10% to last year
· Closed sales are down 22% with 64 closed this year
· The average sale is closing at 97.1% of the original list price which up 1.5% to last year
· Average listing is on the market for 88 days which is down 12.9%
· There were 64 new listings in March which is down 4.5%
· In March there were 93 homes for sale, which is 2.4 months supply, down 25% over last year

SOUTHWEST MARKET STATISTICS:
· The average sales price is $462,724 which is up 4.9% over last year
· There have been 171 closed sales this year, up 14.8%
· The average sales price achieving is 97.6% of the original list price which is down 0.3%
· Average listing is on the market for 60 days which is an decrease of 4.8% over last year
· There were 119 new listings in March, which is decrease of 9.8% over last year
· Current inventory is down 17% compared to the previous year, with 110 homes on the market
· The months supply of inventory in March is down 11.8% to last year with 1.5 months supply