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.