A free research tool from the Minneapolis Area Association of REALTORS®

Brought to you by the unique data-sharing traditions of the REALTOR® community

Minneapolis August Year to Date

Hennepin County, MN 2008 2009 Change 2008 2009 Change
New Listings 876 773 - 11.8% 8,094 7,062 - 12.8%
Closed Sales 557 539 - 3.2% 3,594 3,950 + 9.9%
Median Sales Price $177,350 $164,400 - 7.3% $189,500 $147,500 - 22.2%
Average Sales Price $200,935 $194,290 - 3.3% $221,463 $181,317 - 18.1%
Percent of Original List Price Received at Sale* 92.3% 96.8% + 4.9% 91.5% 93.8% + 2.5%
Average Days on Market Until Sale** 120 106 - 11.8% 128 116 - 9.4%
Single-Family Detached Inventory 2,185 1,420 - 35.0% -- -- --
Townhouse-Condo Inventory 1,153 920 - 20.2% -- -- --
*Does not account for list prices from any previous listing contracts **City market time figures are based on Cumulative Days on Market, which does account for previous listing contracts

Activity—Most Recent Month Activity—Year to Date

876 2008 8,094 2008
773 2009 7,062 2009

557 539
3,950
3,594

- 11.8% - 3.2% - 12.8% + 9.9%

New Listings Closed Sales New Listings Closed Sales

Median Sales Price Percent of Original List Price Received

$189,500
$177,350 96.8%
$164,400 92.3% 93.8%
2008 2008 91.5%
$147,500
2009 2009

- 7.3% - 22.2% + 4.9% + 2.5%

August Year to Date August Year to Date

Average Days on Market Until Sale Inventory of Homes for Sale

128 2,185
120 116 2008
106 2008
2009
2009
1,420
1,153
920

- 11.8% - 9.4% - 35.0% - 20.2%

August Year to Date Single-Family Detached Townhouse-Condo

Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due
to the small sample size involved. For broader historical market information, please feel free to contact us.

© 2009 Minneapolis Area Association of REALTORS®, Inc. | Sponsored by Royal Credit Union www.rcu.org
A free research tool from the Minneapolis Area Association of REALTORS®
Brought to you by the unique data-sharing traditions of the REALTOR® community

New Listings Closed Sales

Aug 2008 Aug 2009 Change YTD 2008 YTD 2009 Change Aug 2008 Aug 2009 Change YTD 2008 YTD 2009 Change

Camden 159 96 - 39.6% 1,162 911 - 21.6% 56 84 + 50.0% 459 638 + 39.0%
Downtown Minneapolis 98 94 - 4.1% 997 1,031 + 3.4% 62 54 - 12.9% 462 406 - 12.1%
Longfellow 50 40 - 20.0% 448 398 - 11.2% 41 27 - 34.1% 231 272 + 17.7%
Nokomis 107 112 + 4.7% 890 916 + 2.9% 62 62 - 0.0% 478 523 + 9.4%
North 116 73 - 37.1% 1,009 657 - 34.9% 75 55 - 26.7% 493 445 - 9.7%
Northeast 63 61 - 3.2% 595 565 - 5.0% 59 49 - 16.9% 268 360 + 34.3%
Phillips 14 17 + 21.4% 238 149 - 37.4% 7 12 + 71.4% 43 89 + 107.0%
Powderhorn 70 64 - 8.6% 711 522 - 26.6% 67 45 - 32.8% 270 366 + 35.6%
Southwest 94 117 + 24.5% 984 955 - 2.9% 75 85 + 13.3% 496 470 - 5.2%
University Area 19 18 - 5.3% 192 166 - 13.5% 18 14 - 22.2% 70 99 + 41.4%
Uptown-Lakes 84 80 - 4.8% 862 789 - 8.5% 35 52 + 48.6% 323 279 - 13.6%

Median Sales Price Percent of Original List Price Received

Aug 2008 Aug 2009 Change YTD 2008 YTD 2009 Change Aug 2008 Aug 2009 Change YTD 2008 YTD 2009 Change

Camden $60,001 $74,750 + 24.6% $66,000 $44,100 - 33.2% 93.4% 97.3% + 4.3% 84.1% 93.3% + 10.9%
Downtown Minneapolis $221,450 $216,600 - 2.2% $282,500 $250,000 - 11.5% 94.8% 94.3% - 0.5% 96.5% 94.5% - 2.2%
Longfellow $185,670 $176,950 - 4.7% $189,900 $169,900 - 10.5% 94.4% 97.6% + 3.4% 93.3% 95.5% + 2.3%
Nokomis $216,500 $182,000 - 15.9% $215,000 $188,000 - 12.6% 92.7% 95.9% + 3.5% 94.0% 94.9% + 0.9%
North $44,450 $44,111 - 0.8% $48,000 $35,000 - 27.1% 86.6% 104.1% + 20.1% 85.3% 94.9% + 11.2%
Northeast $173,000 $177,275 + 2.5% $176,250 $150,000 - 14.9% 91.4% 98.1% + 7.4% 91.5% 93.4% + 2.0%
Phillips $150,000 $95,000 - 36.7% $119,200 $86,225 - 27.7% 97.8% 86.9% - 11.2% 89.6% 89.0% - 0.7%
Powderhorn $120,000 $125,000 + 4.2% $130,510 $95,000 - 27.2% 89.3% 102.4% + 14.7% 89.8% 93.6% + 4.2%
Southwest $274,000 $305,000 + 11.3% $280,000 $264,950 - 5.4% 95.9% 96.1% + 0.2% 94.0% 94.1% + 0.2%
University Area $197,500 $164,400 - 16.8% $208,250 $196,150 - 5.8% 92.6% 95.4% + 3.1% 93.4% 91.5% - 2.0%
Uptown-Lakes $295,000 $236,000 - 20.0% $242,000 $232,000 - 4.1% 91.4% 89.2% - 2.4% 93.0% 90.5% - 2.8%

Single-Family Townhouse-Condo
Average Days on Market Until Sale
Detached Inventory Inventory

YTD YTD
Aug 2008 Aug 2009 Change Change Aug 2008 Aug 2009 Change Aug 2008 Aug 2009 Change
2008 2009

Camden 133 114 - 14.1% 172 107 - 37.8% 486 245 - 49.6% 16 15 - 6.3%
Downtown Minneapolis 105 122 + 16.6% 107 115 + 7.6% 2 4 + 100.0% 505 459 - 9.1%
Longfellow 89 81 - 9.0% 93 92 - 0.3% 130 72 - 44.6% 15 9 - 40.0%
Nokomis 105 81 - 22.6% 109 92 - 15.7% 285 219 - 23.2% 27 23 - 14.8%
North 125 109 - 12.8% 149 111 - 25.8% 385 174 - 54.8% 11 5 - 54.5%
Northeast 142 85 - 39.9% 146 120 - 17.9% 197 117 - 40.6% 30 48 + 60.0%
Phillips 175 153 - 13.0% 142 161 + 13.3% 54 28 - 48.1% 57 36 - 36.8%
Powderhorn 143 72 - 49.3% 128 141 + 10.0% 217 106 - 51.2% 77 36 - 53.2%
Southwest 104 97 - 6.6% 117 109 - 7.1% 261 267 + 2.3% 46 50 + 8.7%
University Area 87 212 + 143.8% 120 172 + 43.4% 32 23 - 28.1% 71 32 - 54.9%
Uptown-Lakes 137 139 + 0.9% 120 155 + 29.5% 134 165 + 23.1% 296 208 - 29.7%

Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due
to the small sample size involved. For broader historical market information, please feel free to contact us.

© 2009 Minneapolis Area Association of REALTORS®, Inc. | Sponsored by Royal Credit Union www.rcu.org
A free research tool from the Minneapolis Area Association of REALTORS®
Brought to you by the unique data-sharing traditions of the REALTOR® community
Brought to you by the unique data-sharing traditions of the REALTOR® community
Median Sales Price—Year to Date 2008
$282,500
2009
$280,000
$264,950
$250,000 $242,000
$232,000
$215,000 $208,250
$189,900 $188,000 $196,150
$169,900 $176,250
$150,000
$130,510
$119,200
$95,000
$86,225
$66,000
$44,100 $48,000
$35,000

- 33.2% - 11.5% - 10.5% - 12.6% - 27.1% - 14.9% - 27.7% - 27.2% - 5.4% - 5.8% - 4.1%

Camden Downtown Longfellow Nokomis North Northeast Phillips Powderhorn Southwest University Uptown-
Minneapolis Area Lakes

Percent of Original List Price Received at Sale—Year to Date 2008

2009
96.5% 95.5%
94.5% 94.0% 94.9% 94.9% 93.6% 94.0% 94.1%
91.5% 93.4%
93.3% 93.3% 93.4% 91.5% 93.0%
89.6% 89.0% 89.8% 90.5%
84.1% 85.3%

+ 10.9% - 2.2% + 2.3% + 0.9% + 11.2% + 2.0% - 0.7% + 4.2% + 0.2% - 2.0% - 2.8%

Camden Downtown Longfellow Nokomis North Northeast Phillips Powderhorn Southwest University Uptown-
Minneapolis Area Lakes

Days on Market Until Sale—Year to Date 2008

2009
172 172
161 155
149 146 142 141
128
115 120 117 120 120
107 107 109 111 109
93 92 92

- 37.8% + 7.6% - 0.3% - 15.7% - 25.8% - 17.9% + 13.3% + 10.0% - 7.1% + 43.4% + 29.5%

Camden Downtown Longfellow Nokomis North Northeast Phillips Powderhorn Southwest University Uptown-
Minneapolis Area Lakes

Current Inventory Single-Family Detached

459 Townhouse-Condo

267
245
219 208
174 165
117 106
72
48 50
15 23 28 36 36 23 32
4 9 5

Camden Downtown Longfellow Nokomis North Northeast Phillips Powderhorn Southwest University Uptown-
Minneapolis Area Lakes

© 2009 Minneapolis Area Association of REALTORS®, Inc. | Sponsored by Royal Credit Union www.rcu.org