Local Market Update – March 2019

A RESEARCH TOOL PROVIDED BY MINNEAPOLIS AREA REALTORS®

- 8.3% - 24.4% + 2.2%

Change in Change in Change in

Eden Prairie New Listings Closed Sales Median Sales Price

March Rolling 12 Months

2018 2019 +/– 2018 2019 +/–
New Listings 145 133 -8.3% 1,514 1,439 -5.0%
Closed Sales 82 62 -24.4% 1,216 1,139 -6.3%
Median Sales Price* $358,000 $366,000 + 2.2% $332,000 $340,000 + 2.4%
Average Sales Price* $389,553 $392,341 + 0.7% $376,986 $368,808 -2.2%
Price Per Square Foot* $153 $154 + 0.6% $149 $152 + 2.5%
Percent of Original List Price Received* 98.6% 98.5% -0.1% 97.7% 97.9% + 0.2%
Days on Market Until Sale 77 65 -15.6% 64 55 -14.1%
Inventory of Homes for Sale 208 176 -15.4% -- -- --
Months Supply of Inventory 2.1 1.9 -9.5% -- -- --
* 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
145 1,514 1,439
133
1,216 1,139
82
62

-8.3% -24.4% -5.0% -6.3%

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
Eden Prairie a
+ 20%

+ 15%

+ 10%

+ 5%

0%

- 5%

- 10%

- 15%

- 20%

- 25%

- 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.