Local Market Update – January 2013
A RESEARCH TOOL PROVIDED BY THE MINNEAPOLIS AREA ASSOCIATION OF REALTORS®
Kenny
+ 16.7%
+ 350.0%
+ 62.4%
Change in
New Listings
Change in
Closed Sales
Change in
Median Sales Price
January
New Listings
Closed Sales
Year to Date
2012
2013
+/–
2012
2013
+/–
6
7
+ 16.7%
6
7
+ 16.7%
2
9
+ 350.0%
2
9
+ 350.0%
Median Sales Price*
$143,150
$232,500
+ 62.4%
$143,150
$232,500
+ 62.4%
Average Sales Price*
$143,150
$224,156
+ 56.6%
$143,150
$224,156
+ 56.6%
$114
$141
+ 24.6%
$114
$141
+ 24.6%
86.0%
95.6%
+ 11.2%
86.0%
95.6%
+ 11.2%
177
89
-49.7%
177
89
-49.7%
Price Per Square Foot*
Percent of Original List Price Received*
Days on Market Until Sale
Inventory of Homes for Sale
19
9
-52.6%
--
--
--
Months Supply of Inventory
4.0
1.0
-75.0%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
2012
January
2013
2012
Year to Date
9
2013
9
7
7
6
6
2
+ 16.7%
New Listings
2
+ 16.7%
New Listings
+ 350.0%
Closed Sales
Change in Median Sales Price from Prior Year (6-Month Average)**
+ 350.0%
Closed Sales
Twin Cities Region
b
Kenny
a
+ 40%
+ 30%
+ 20%
+ 10%
0%
- 10%
- 20%
- 30%
1-2008
7-2008
1-2009
7-2009
1-2010
7-2010
1-2011
7-2011
1-2012
7-2012
1-2013
** 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
www
rcu org
during that period
period. | Current as of February 8
8, 2013
2013. All data from NorthstarMLS
NorthstarMLS. | Powered by 10K Research and Marketing
Marketing. | Sponsored by Royal Credit Union
www.rcu.org