Agenda - Council Work Session - 09/13/2021 - Special Joint CC, Planning & EDA

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Local Market Update — July 2014 A RESEARCH TOOL PROVIDED BY THE MINNEAPOLIS AREA ASSOCIATION OF REALTORS® Ramsey New Listings Closed Sales Median Sales Price* Average Sales Price* Price Per Square Foot* Percent of Original List Price Received* Days on Market Until Sale Inventory of Homes for Sale Months Supply of Inventory MINNEAPOLIS AREA Association of REALTORS' + 30.8% + 10.4% + 13.5% Change in Change in Change in New Listings Closed Sales Median Sales Price July Year to Date 2013 2014 + / - 2013 2014 + / — 52 68 + 30.8% 341 420 + 23.2% 48 53 + 10.4% 271 254 -6.3% $189,450 $215,000 + 13.5% $176,000 $199,000 + 13.1% $195,691 $201,573 +3.0% $191,155 $201,521 +5.4% $98 $103 + 5.2% $97 $103 + 6.2% 99.1% 97.0% -2.1% 97.8% 96.7% -1.1 % 92 48 -47.8% 77 59 -23.4% 125 147 + 17.6% 3.5 4.0 + 14.3% * Does not account for seller concessions. 1 Activity for one month can sometimes look ext eme due to small sample size. July 68 52 + 30.8% New Listings ■2013 ■2014 + 10.4% Closed Sales Year to Date 420 341 + 23.2% New Listings Change in Median Sales Price from Prior Year (6-Month Average)** + 50% +40% • +30% • +20% • + 10% • 0% - 10% - 20% - 30% • - 40% - 1-2008 7-2008 1-2009 7-2009 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 2013 ■2014 271 254 -6.3% Closed Sales Twin Cities Region Ramsey ** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. 1 Current as of August 8, 2014. All data from NorthstarMLS. I Powered by 1QK Research and Marketing.