The Minneapolis real estate market stats are in.  The board of Realtors published this information Jan 14th 2009 using the MLS (Multiple Listing Service) for the data.

New listings were down in the Minneapolis market by 10.9% from 2007
Good news, Pending sales up by 1.2% from 2007
Closed sales down slightly from 2007 at 3.3%
Median sales price down from 2007 by 13.3% (keep in mind this includes foreclosures and short sales which will throw the numbers off)
Traditional property median price down 4.1% from 2007
Lender property median price down 13.45 from 2007

See the charts & graphs below for previous years.

If you’re looking to sell or buy anywhere in the Minneapolis area including Hennepin, Anoka and Wright County give us a call at (612) 282-7653, we would be glad to help.