Has the Plymouth MN Housing Market Bottomed? Sure Looks Like We’re Close

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The 2011 year end results are in.  Below is a chart of the home sales stats for Plymouth, MN.  Looking at the data, I think one would have to say it sure looks like we’ve bottomed.

Consider the following year over year statistics for the full years of 2010 vs. 2011:

  • New listings down 7%
  • Closed sales up 18%
  • Median sales price down by 1.6%
  • Average Sales Price up by 3.2%
Click to enlarge image

Plymouth MN Home Price Year End 2011

Chart: Minneapolis Area Association of Realtors

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