Local Market Update – March 2019

A RESEARCH TOOL PROVIDED BY MINNEAPOLIS AREA REALTORS®

- 18.3% - 19.2% + 2.5%

Change in Change in Change in

Eagan New Listings Closed Sales Median Sales Price

March Rolling 12 Months

2018 2019 +/– 2018 2019 +/–
New Listings 120 98 -18.3% 1,229 1,188 -3.3%
Closed Sales 78 63 -19.2% 1,036 1,032 -0.4%
Median Sales Price* $275,000 $281,950 + 2.5% $267,500 $282,450 + 5.6%
Average Sales Price* $288,782 $347,331 + 20.3% $286,373 $302,466 + 5.6%
Price Per Square Foot* $142 $145 + 2.5% $135 $143 + 5.3%
Percent of Original List Price Received* 99.2% 99.1% -0.1% 98.8% 99.1% + 0.3%
Days on Market Until Sale 43 51 + 18.6% 41 37 -9.8%
Inventory of Homes for Sale 106 94 -11.3% -- -- --
Months Supply of Inventory 1.2 1.1 -8.3% -- -- --
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

2018 2019 2018 2019

March Rolling 12 Months

120 1,229 1,188

98 1,036 1,032
78
63

-18.3% -19.2% -3.3% -0.4%

New Listings Closed Sales New Listings Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)** 16-County Twin Cities Region b
Eagan a
+ 30%

+ 20%

+ 10%

0%

- 10%

- 20%

- 30%
1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.
This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of April 8, 2019. All data from NorthstarMLS. | Powered by ShowingTime.