Medina, MN – Average Sale Price Drops 12.7% – October 2008

The Minneapolis Area Association of Realtors just updated their fabulous report called The 100.   Below is a snapshot for Medina which has seen days on market explode to 228 days until contract and average sales prices down 12.7%.  Sellers are receiving 91.3% of their original list price.  In other words, homes are still priced too high.