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Agenda - Council Work Session - 09/13/2021 - Special Joint CC, Planning & EDA
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Agenda - Council Work Session - 09/13/2021 - Special Joint CC, Planning & EDA
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3/14/2025 3:12:50 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Title
Special Joint CC, Planning & EDA
Document Date
09/13/2021
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Local Market Update — July 2021 <br />A RESEARCH TOOL PROVIDED BY MINNEAPOLIS AREA REALTORS® <br />Ramsey <br />New Listings <br />Closed Sales <br />Median Sales Price* <br />Average Sales Price* <br />Price Per Square Foot* <br />Percent of Original List Price Received* <br />Days on Market Until Sale <br />Inventory of Homes for Sale <br />Months Supply of Inventory <br />+ 16.4% <br />Change in <br />New Listings <br />July <br />MINNEAPOLIS AREA <br />REALTORS' <br />-11.8% +13.3% <br />Change in <br />Closed Sales <br />Change in <br />Median Sales Price <br />Rolling 12 Months <br />2020 2021 + / - <br />2020 2021 + / - <br />73 85 <br />68 60 <br />$300,000 $339,950 <br />$309,367 $337,143 <br />$152 $169 <br />100.0% 103.8% <br />30 13 <br />84 57 <br />1.8 1.1 <br />' Does not account for seller concessions. I Activity for one month can sometimes look extreme due to small sample size. <br />July <br />73 <br />e5 <br />+ 16.4% <br />New Listings <br />68 <br />■ 2020 ■ 2021 <br />60 <br />-11.8% <br />Closed Sales <br />+ 16.4% <br />- 11.8% <br />+ 13.3% <br />+ 9.0% <br />+ 10.8% <br />+ 3.8% <br />- 56.7% <br />- 32.1% <br />- 38.9% <br />Rolling 12 Months <br />694 <br />676 <br />-2.6% <br />New Listings <br />Change in Median Sales Price from Prior Year (6-Month Average)** <br />+ 50% <br />+ 40% <br />+ 30% <br />+ 20% <br />+ 10% <br />0% <br />- 10% <br />- 20% <br />- 30% <br />694 676 <br />540 625 <br />$280,000 $320,000 <br />$294,797 $329,867 <br />$145 $159 <br />99.2% 102.4% <br />39 26 <br />540 <br />-2.6% <br />+ 15.7% <br />+ 14.3% <br />+ 11.9% <br />+ 9.7% <br />+ 3.2% <br />-33.3% <br />2020 ■ 2021 <br />625 <br />+ 15.7% <br />Closed Sales <br />16-County Twin Cities Region <br />Ramsey <br />- 40% <br />1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019 1-2020 1-2021 <br />" Each dot represents the change in median sales price from the prior year using a 6-month weighted average. <br />This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. <br />Current as of August 9, 2021. All data from NorthstarMLS. I Powered by ShowingTime. <br />
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