The
Minneapolis/St. Paul metropolitan area consists of 13
counties. The area has a very diverse economic base and
residents enjoy a quality of life among the highest in the
nation. The following charts depict market trends for
residential properties in the 13 county metropolitan area and are based
on information from the Regional Multiple Listing Service of
Minnesota, Inc. for the period 2000 through 2007.
Residential market activity in the Twin Cities began to slow between
2004 and 2005. Since 2005 the number of new listings has
generally increased while the number of sales has declined.

As a result of the slowing market, the median sale
price of homes in the metropolitan area has flattened. Between
2000 and 2005, the median sale price increased approximately $15,000
per year. Between 2005 and 2006, the increase was just
$1,100.

More detailed statistics about the Minneapolis/St.
Paul residential market are available from NorthStar
MLS.
For a thorough market analysis of a specific
county, city or neighborhood, please contact
us.