Minneapolis MN Market Trends
The median sales price for homes in Minneapolis MN for Nov 09 to Jan 10 was $147,750. This represents a decline of 5.3%, or $8,250, compared to the prior quarter and an increase of 20% compared to the prior year. Sales prices have depreciated 27.9% over the last 5 years in Minneapolis.
The average listing price for Minneapolis homes for sale on Trulia was $316,398 for the week ending Feb 24, which represents a decline of 3.4%, or $11,136, compared to the prior week and a decline of 1.9%, or $6,215, compared to the week ending Feb 03. Popular neighborhoods in Minneapolis include Linden Hills, Whittier, Fulton, Kingfield, Bryn Mawr, and Diamond Lake.
Mpls has stayed fairly healthy in the acute downtown areas! Some of the less diserable neighborhoods have suffered though
Downtown area has been about par, I live down there and except for a few REO condos it has been good!
They housing market is coming back!