Market Trends for Minneapolis area

 

 

 

 

Week of  

8/28 – 9/2

Sept 8 Sept 15          Sept 22  

Sept 29

 

September

Inspections waived 27% 19% 26% 22% 25%  
Pre-MLS sales 3% 2% 4% 5% 3%  
Financing:            
Cash 17% 18% 21% 22% 24%  
Conventional 68% 67% 58% 62% 61%  
FHA 10% 13% 19% 13% 12%  
DVA 3% 2% 2% 2% 2%  
Average Purchase to List       99.4% 99.2%  
Median purchase to list       100% 100%  
Seller Contributions: 36% 46% 31% 27% 27%  
Home Warranties: 7% 10% 7% 6% 8%  
Contingent on buyers’ home: 12% 6% 3% 4% 6%  
Escalation Clause 7% 5% 4% 5% 4%  
Appraisal Gap: 16% 9% 9% 9% 8%  
Cancelation Rate 4% 5% 13% 11% 13%  
Median Sales Price           $365,000.00   (2.3%)
  Crystal           $295,000.00  (-1.7%)
  New Hope           $330,000.00  (+1.2%)
  Robbinsdale           $365,000.00  (+2.3%)
  Golden Valley           $430,000.00  (+1.2%)
  Plymouth           $470,500.00  (+2.3%)
  Maple Grove           $386,200.00  (-3.0%)
             
             

Tom Slupske | RE/MAX Results | tom.slupske@results.net | 763-235-7090

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