Local Market Update for March 2021

A Research Tool Provided by the Minnesota Association of REALTORS®

6E – Southwest Central Region

March Year to Date
Key Metrics 2020 2021 Percent Change Thru 3-2020 Thru 3-2021 Percent Change

New Listings 151 152 + 0.7% 370 350 - 5.4%

Pending Sales 137 128 - 6.6% 328 302 - 7.9%

Closed Sales 102 94 - 7.8% 254 262 + 3.1%

Median Sales Price* $168,000 $181,000 + 7.7% $161,485 $183,000 + 13.3%

Percent of Original List Price Received* 96.7% 98.0% + 1.3% 95.3% 97.6% + 2.4%

Days on Market Until Sale 71 42 - 40.8% 72 49 - 31.9%

Months Supply of Inventory 2.7 1.2 - 55.6% -- -- --

* Does not account for sale concessions and/or down payment assistance. Note: Activity for one month can sometimes look extreme due to small sample size.

March 2020 2021

151 152 2.7

96.7% 98.0%
102
94
1.2

+ 0.7% - 7.8% + 1.3% - 55.6%

New Listings Closed Sales Pct. of Orig. Price Received Months Supply

Historical Median Sales Price Rolling 12-Month Calculation

Statewide —
6E – Southwest Central Region —

$300,000

$275,000

$250,000

$225,000

$200,000

$175,000

$150,000

$125,000
1-2016 1-2017 1-2018 1-2019 1-2020 1-2021

Current as of April 7, 2021. All data from the multiple listing services in the state of Minnesota. Report © 2021 ShowingTime. Percent changes are calculated using rounded figures.