Downtown Minneapolis Market Insight

Barry Berg and Chad Larsen, the Berg Larsen Group with Coldwell Banker Burnet Real Estate, offer Real Estate Market Insight
Quality real estate data has never been more reliable. Fact is, many Realtors don't know how to find or use it. The Berg Larsen Group analyze market data carefully to help our home buyers and sellers. Below are a series of charts, all derived utilizing NorthstarMLS data, that we reference regularly to keep the pulse of the Twin Cities market.

Real estate is local, it is important to consider the data on both the Macro (the Twin Cities region as a whole) and Micro (city and community) levels. When looking at the data and these charts, we are looking for correlations between the different metric categories: NEW LISTINGS, HOMES FOR SALE, PENDING SALES, CLOSED SALES. Changes in one category can affect the others, and vice-versa. 

For context on the Macro level, it might be helpful to understand the breakdown of sales in our Twin Cities region in any given year.

Price Range Rounded %
Under $250,000 55%
$250,000-$499,000 37%
$500,000-$999,999 7%
$1M - $1,999,999 .75%
$2M Plus <.1%

As an example of correlations on the Macro level (the Twin Cities region as a whole), there has been a drop in the number of New Listings coming to market in the "under $250,000" bracket. Yet there is still strong buyer activity in this range, so there is a corresponding drop in the number of Homes for Sale, and then also a drop in Pending Sales and Closed Sales


Closed Home Sales

When looking at the Micro level, each community will behave differently. Take a look at the charts below. These charts update monthly, so revisit the page in the coming months and see what trends you can spot. Questions? Let's talk! 612-925-8411

All charts are interactive, slide cursor over the graph for detailed information.

Please remember that the fundamentals for Real Estate sales and marketing still apply: proper pricing, proper presentation, and excellent representation.

Take a look at the charts below. We reference these regularly to keep the pulse of the market: Homes for Sale, New Listings, and Pending Sales. These charts are updated monthly, so revisit the page in the coming months, and years to see what trends you can spot.

 


Homes for Sale


New Listings


Pending Sales


 

 Select a community below for detailed information on that area:

Minneapolis | Southwest Neighborhoods

Minneapolis | Calhoun-Isles Neighborhoods

Minneapolis | Nokomis Community

St. Paul

Eden Prairie

Edina

Lake Minnetonka Area

- Not seeing your neighborhood? Call us and we'll make one exclusively for you! -

 

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Coldwell Banker Burnet | Minneapolis Lakes Office
3033 Excelsior Boulevard, Suite 100 Minneapolis, MN 55416
Office: 612-925-8411 | Fax: 612-924-4308 | GetInfo@BergLarsenGroup.com

 

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