Twin Cities Market Report for the Week of July 27, 2009

Twin Cities Market Report for the Week of July 27, 2009

New Listings This Week: 1,798 (one year ago 2,045) -12.1%

Active Listings This Week: 26,255 (one year ago 33,410) -21.4%

Pending Sales This Week: 1,038 (one year ago 878) +18.2%

Days on Market: June 2009 (140 days), June 2008 (147 days)

Percent of Original List Price Received at Sale: June 2009 (92.9%) June 2008 (92.8%)

Months of Supply: June 2009 (7.3) June 2008 (10.6)

Closed Sales: June 2009 (4,764) June 2008 (3,969)

Median Sales Price: June 2009 ($173,500) June 2008 ($205,000)

Average Sales Price: June 2009 ($204,470) June 2008 ($247,565)

*Data collected from Regional Multiple Listing Service for residential properties in the 13 county region.