The Minneapolis Area Association of Realtors published their latest statistics. This is for sales completed through May, 2010. So far YTD, Eden Prairie has seen the median home price rise by 7.5%. Average prices are up 10% from the same period one year ago.
As we start to see these statistics rise, what I am finding more than price appreciation is that it is a matter of the buying public starting to gain confidence to be able to purchase higher and higher priced homes. Last year, so much of the activity was for homes priced under $250,000 and particularly under $200,000. This year we are starting to see improvement in activity in homes priced between $250,000 – $500,000.