This chart is based on information from the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC for the period June 1, 2008, through June 30, 2008. Clicking on the chart will enlarge the image so that it is readable.
Pending sales have increased significantly in June compared to last month which is normal for our area. Expired listings have decreased somewhat but not significantly, and closed sales have also increased. The number of active listings on the market has remained pretty constant compared to last month. The average sale price has decreased from $194,808 in May to $160,000 for the month of June. The short sale and foreclosure inventory has a direct impact on the decrease in the average sales price for this month.