The numbers are in for 2006. Here are the annual real estate sales figures for the last 7 years in the Minneapolis and Saint Paul metro area.
The above figures were based on information from the Regional Multiple Listing Service of Minnesota, Inc. for the period January 1, 2000, through December 31, 2006. Information is deemed reliable but not guaranteed.
Although the total dollar value of closed sales dropped back to what it was in 2004, the median price and average sale price of closed sales did not decrease, only the number of homes that closed took a loss this year placing it back to levels sold in 2003. All in all, these numbers show that the Minneapolis and Saint Paul real estate market is still strong and a good place to buy.
Carole, The sellers in our area who were unable to sell didn't feel like our market was stable. To them it felt like the market had tanked. However, as you said, the stats show that Minnesota's real estate market is very strong compared to many other areas in the nation. We're holding true to form in that our market did not experience the severe highs and lows of other markets.
Posted by: Bonnie Erickson | January 29, 2007 at 07:12 PM
I would say these stats look pretty and are promising too. Sounds like a solid market! Now for more homes (total) to sell in 2007
Posted by: Carole C | January 29, 2007 at 02:09 PM
Thanks, Lisa. I sent you an e-mail telling you how to make these pretty charts! I had to struggle with whether I should because you are a competitor, you know! ;-D Have fun practicing!
Posted by: Bonnie Erickson | January 29, 2007 at 10:15 AM
HI Bonnie, This sure took you some time! These statistics are great!
Posted by: Lisa Dunn | January 29, 2007 at 08:00 AM