December 2009

Market Profile & Trends Overview LM L3M PYM LY Prior YTD Prior Year

Median List Price of all Current Listings

Average List Price of all Current Listings

December Median Sales Price

December Average Sales Price

Total Properties Currently for Sale (Inventory)

December Number of Properties Sold

December Average Days on Market (Solds)

Asking Price per Square Foot (based on New Listings)

December Sold Price per Square Foot

December Month's Supply of Inventory

December Sale Price vs List Price Ratio

Property Sales

Prices

Inventory & MSIThe Total Inventory of Properties available for sale as of

December was 4,133, down -18.3% from 5,058 last month

and down -26.6% from 5,627 in December of last year.

December 2009 Inventory was at its lowest level

compared with December of 2008 and 2007.

The Median Sales Price in December was $177,000,

up 4.1% from $170,000 in December of 2008 and

down -6.8% from $190,000 last month. The

Average Sales Price in December was $252,694, up

15.5% from $218,840 in December of 2008 and up

8.5% from $232,901 last month. December 2009

ASP was at a mid range compared to December of

2008 and 2007.

Trending versus*:

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Number of Properties Sold

December Property sales were 656, down -17.4%

from 794 in December of 2008 and -40.8% lower

than the 1,109 sales last month. December 2009

sales were at a mid level compared to December of

2008 and 2007. December YTD sales of 12,623 are

running 16.3% ahead of last year's year-to-date sales

of 10,858.

$94

91.1%

$119$111

5.9

Copyright © Coldwell Banker Burnet | Price Range: All | Property Types: Single Family Data is provided courtesy of Regional Multiple Listing Service of Minnesota Incorporated and may not reflect all relevant real estate activity. Coldwell Banker Burnet does not warrant or guarantee

the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.

Total Inventory & Month's Supply of Inventory (MSI)

A comparatively lower MSI is more beneficial for sellers

while a higher MSI is better for buyers. The December

2009 MSI of 6.3 months was at its lowest level compared

with December of 2008 and 2007.

6.3

Month YTD

66

$199,000$232,942

656

$112

71

Trending versus*:

12,623

County: Hennepin

Median Sales Price and Average Sales Price

MARKET ACTION REPORT

94.6%

$268,900$484,545$177,000$252,694

4,133

622

590

824 909 1

,126

1,2

43

1,1

39

1,0

90

772

770

705

493

533 6

95

918

1,0

44 1,2

35

1,2

14

1,1

98

1,0

77

935

722

616

613

869 1,0

22 1,1

95 1

,445

1,4

43

1,2

75

1,1

45

1,2

35

1,1

09

580

794

656

0

200

400

600

800

1,000

1,200

1,400

1,600

J

07

F M A M J J A S O N D J

08

F M A M J J A S O N D J

09

F M A M J J A S O N D

100

150

200

250

300

350

400

J

07

F M A M J J A S O N D J

08

F M A M J J A S O N D J

09

F M A M J J A S O N D

Median means Middle (the same # of properties sold above and below the Median)

MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace

5,0

18

5,4

34

6,0

85

6,6

59

7,2

39

7,4

64

7,4

84

7,5

17

7,5

62

7,2

13

6,6

61

6,2

19

6,6

16

6,8

86

7,3

01

7,5

87

7,5

21

7,5

50

7,3

76

7,1

72

6,9

36

6,4

62

5,7

66

5,8

85

5,9

51

5,9

73

6,2

47

6,1

51

6,0

09

5,8

51

5,7

96

5,5

45

5,0

58

4,1

33

5,6

27

5,8

40

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

J

07

F M A M J J A S O N D J

08

F M A M J J A S O N D J

09

F M A M J J A S O N D

0

2

4

6

8

10

12

14

(000's)

3 Mo Avg

3 Mo Avg

David A. CohenRealtor

www.EquityDefender.com

612-819-4077

December 2009

Market Time

Selling Price per Square Foot

Selling Price vs Original Listing Price

Inventory / New Listings / Sales

Data is provided courtesy of Regional Multiple Listing Service of Minnesota Incorporated and may not reflect all relevant real estate activity. Coldwell Banker Burnet does not warrant or guarantee

the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.

The Selling Price vs Original Listing Price reveals the

average amount that Sellers are agreeing to come down

from their original list price. The lower the ratio is

below 100% the more of a Buyer's market exists, a ratio

at or above 100% indicates more of a Seller's market.

The December 2009 Selling Price vs Original List Price

of 94.6% was down from 95.5% last month and up from

89.9% in December of last year.

Inventory / New Listings / Sales

This last view of the market combines monthly

inventory of Properties for sale along with New Listings

and Sales. The graph shows the basic annual

seasonality of the market as well as the relationship

between these items. The number of New Listings in

December 2009 was 933, down -20.9% from 1,179 last

month and down -20.3% from 1,170 in December of last

year.

Copyright © Coldwell Banker Burnet | Price Range: All | Property Types: Single Family

Selling Price versus Listing Price Ratio

The average Days On Market (DOM) shows how many

days the average Property is on the market before it

sells. An upward trend in DOM tends to indicate a move

towards more of a Buyer's market, a downward trend a

move towards more of a Seller's market. The DOM for

December was 71, up 14.5% from 62 days last month

and up 1.4% from 70 days in December of last year. The

December 2009 DOM was at a mid level compared with

December of 2008 and 2007.

MARKET ACTION REPORT

Days On Market for Sold Properties

The Selling Price per Square Foot is a great indicator for

the direction of Property values. Since Median Sales

Price and Average Sales price can be impacted by the

'mix' of high or low end Properties in the market, the

selling price per square foot is a more normalized

indicator on the direction of Property values. The

December 2009 Selling Price per Square Foot of $112

was down -2.6% from $115 last month and up 10.6%

from 102 in December of last year.

Selling Price per Square Foot

County: Hennepin

78

70 71

50

55

60

65

70

75

80

85

90

95

100

J

07

F M A M J J A S O N D J

08

F M A M J J A S O N D J

09

F M A M J J A S O N D

Average Days on Market (Listing to Contract) for properties sold during the month

112102

142

50

70

90

110

130

150

170

190

J

07

F M A M J J A S O N D J

08

F M A M J J A S O N D J

09

F M A M J J A S O N D

Average Selling Price per Square Foot for properties that sold during the month

91.1%

89.9%

94.6%

85%

87%

89%

91%

93%

95%

97%

99%

J

07

F M A M J J A S O N D J

08

F M A M J J A S O N D J

09

F M A M J J A S O N D

Avg Selling Price divided by Avg Listing Price for sold properties during the month

5,0

18

5,4

34

6,0

85

6,6

59

7,2

39

7,4

64

7,4

84

7,5

17

7,5

62

7,2

13

6,6

61

6,2

19

6,6

16

6,8

86

7,3

01

7,5

87

7,5

21

7,5

50

7,3

76

7,1

72

6,9

36

6,4

62

5,7

66

5,8

85

5,9

51

5,9

73

6,2

47

6,1

51

6,0

09

5,8

51

5,7

96

5,5

45

5,0

58

4,1

33

5,6

27

5,8

40

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

J

07

F M A M J J A S O N D J

08

F M A M J J A S O N D J

09

F M A M J J A S O N D

Inventory New Listings Sales

3 Mo Avg

3 Mo Avg

3 Mo Avg

David A. CohenRealtor

www.EquityDefender.com

612-819-4077