Real Estate. Economics. Business
St. Louis Park, MN has seen the median price of a home drop by nearly 6% so far YTD through April 2009. Click here for the link online from the Minneapolis Area Association of Realtors.  New listings are down 15.8% with closed sales dropping slightly more at 17.5%.
Medina, MN saw median home prices increase slightly in April 2009.  Closed sales are up 14% and listings are up 11%. These are all good signs. Of course it helps that the median price of a property sold in Medina is now $559,000. In 2005-2006, the median price of a home sold in Medina used to be between $800,000 to $850,000.
Here’s the link to the report online from the Minneapolis Area Association of Realtors.
Maple Grove median home prices declined by 7.8% YTD through April 2009.  Closed transactions have remained quite healthy only showing a decline of 3.6%.  New listings are down by 17%. This is a good sign. When new listings are declining faster than the closed transaction rate, that is constructive for a return to a more balanced market.
Click here for the online report from the Minneapolis Area Association of Realtors.
Plymouth, MN median home prices are down by 12% with closed transactions down by 22% YTD through April 2009.
Link to the report online.
