Eagan Real Estate Statistics For April 2008

Acoording to the Minneapolis Area Associaton of Realtors Eagan Mn had the following statistics.

April Year To Date

2007 2008 Change 2007 2008 Change

New Listings 186 145 -22% 634 542 -14.5%

Closed Sales 48 56 +16.7% 203 175 -13.8%

Average Sales Price $261,468 $221,650 -15.2% $267,347 $236,494 -11.5%

Average Days on Mkt 123 141 14.2% 90 150 66.3%

Single Family Inventory 220 208 -5.5% N/A N/A N/A

What this means:

With new listings decreasing by 22% and overall single family homes inventory down 5.5% for the month of April, the housing market in Eagan and the Twin Cities may be at its bottom. With summer coming inventory should continue to decrease, bringing a more stable housing market for the rest of 2008.