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<br />2007 Residential Real Estate Statistics for Ramsey <br /> <br />Based on data from the Regional Multiple Listing Service (RMLS), there were 311 residential <br />real estate sales in Ramsey during 2007. The statistics related to those sales are as follows: <br /> <br />. Median price: $214,986 <br />. Average price: $233,175 <br />. Average cumulative days on market (CDOM): 146 <br />. Percent oflist price received: 94.7% * <br />. Average total finished square feet (FSF): 1938 <br />. Price per square foot: $122 <br />. 71.7% was previously owned and 28.3% was new construction <br />. 63.5% was single family homes and 36.5% was townhouses/condos <br />. 21.8% had 2 bedrooms, 46.0% had 3 bedrooms and 32.2% had 4 or more bedrooms <br /> <br />* Does not factor in data from previous listing(s) if listed more than once <br /> <br />Over the past 12 months (ending 3/31/08), only 32% of the Ramsey listings sold and the <br />. absorption rate is currently 12.2% according to RMLS data. The average absorption rate among <br />Twin Cities communities is currently 9.6. Historically speaking, the median and average housing <br />price in Ramsey fell 6.5% from 2006 to 2007. <br /> <br />The often overlooked good news is that the net increase in the average housing price increased <br />25.4% since 2001 and the net increase in the median housing price since 2001 was an increase of <br />26.2% for Ramsey. Ramsey is also in the lowest price per square foot category based on 2007 <br />sales data, and offers residents a great selection of 1 + acre lots in addition to the many area <br />amenities. <br /> <br />Ramsey's Current Active Listings <br /> <br />Single family: <br />Units for sale: 206 <br />Average price: $282,908 <br />Average FSF: 2335 <br />Average CDOM: 167 days <br />Average year built: 1993 <br /> <br />Town home/condo: <br />Units for sale: 91 <br />Average price: $167,107 <br />Average FSF: 1603 <br />Average CDOM: 184 days <br />Average year built: 2005 <br /> <br />14 <br />