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Minneapolis Lakes Area Real Estate Market Conditions
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March 4, 2009

The Weiland Group continuously monitors local real estate statistics to keep our clients informed and ahead of the real estate trends.  Below you will find Minneapolis Lakes Area real estate statistics for the fourth week of February 2009:

Number of homes new to the market this week: 24 (down from 25 the previous week)

Number of homes available for purchase: 346 (up from 334 the previous week)

Number of homes pending (total under contract): 57 (up from 51 the previous week)

Number of homes sold (closed this week): 5 (up from 2 the previous week)

Number of homes expiring/canceled this week: 12 (up from 10 the previous week)

Average Days on Market (Last 6 months sold properties): 164 (up from 162 the previous week)

Average Sale Price in Minneapolis Lakes Area (last six months): $348,149.00 (down from $356,527.00 the previous week)

 

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