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MINNEAPOLIS AREA
<br /> 2018 Annual Housing Market Report-Twin Cities Metro ALTO FPS`
<br /> mU.In
<br /> atorical Review
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<br /> Listings Dollar Volume Number of Average
<br /> Year Processed (in billions) Units Sold Sales Price
<br /> 1980 37,018 $1.34 18,351 $74,069
<br /> 1981 35,580 $1.25 15,675 $80,238
<br /> 1982 41,465 $1.00 12,193 $82,288
<br /> 1983 50,794 $1.35 15,914 $84,953
<br /> 1984 53,646 $1.55 18,231 $85,007
<br /> 1985 51,492 $1.87 21,335 $87,789
<br /> 1986 58,382 $2.52 28,015 $90,319
<br /> 1987 55,422 $2.46 25,772 $95,914
<br /> 1988 80,771 $3.21 34,244 $93,977
<br /> 1989 89,170 $3.28 33,962 $96,658
<br /> 1990 78,548 $3.37 34,496 $98,016
<br /> 1991 71,850 $3.52 35,598 $99,402
<br /> 1992 72,730 $4.31 41,944 $103,264
<br /> 1993 70,685 $4.30 39,842 $107,569
<br /> 1994 63,369 $4.73 42,454 $111,806 1980-1996
<br /> 1995 64,556 $4.94 42,310 $117,053 All property types and
<br /> all MLS districts.
<br /> 1996 73,433 $5.82 46,949 $124,022
<br /> 1997 63,189 $5.68 41,441 $137,085
<br /> 1998 64,280 $7.09 47,836 $147,346 1997® ®®
<br /> 1999 57,573 $7.62 46,675 $163,277 Single-family detached
<br /> homes,condominiums,
<br /> 2000 59,618 $8.76 48,208 $181,605 townhomes and twin homes
<br /> 2001 71,861 $10.22 50,298 $203,136 for the 13-county metro area.
<br /> 2002 73,940 $11.33 51,212 $221,275
<br /> 2003 89,592 $13.92 58,275 $238,798
<br /> 2004 101,834 $15.78 61,180 $257,838 2003-Present
<br /> 2005 101,581 $16.78 61,029 $272,239 Single-family detached
<br /> homes,condominiums,
<br /> 2006 110,303 $14.07 50,246 $277,496
<br /> townhomes and twin homes.
<br /> 2007 107,276 $11.53 41,698 $274,109
<br /> 2008 95,578 $9.54 40,320 $234,864 In 2012,home sales were
<br /> recalculated to account for all
<br /> 2009 84,725 $9.27 46,606 $197,948 late-recorded activity,
<br /> 2010 83,492 $8.24 38,986 $209,609 affecting data back to 2003.
<br /> 2011 70,207 $8.18 42,298 $192,057 In 2017,the metro area
<br /> 2012 67,169 $10.45 49,592 $209,200 expanded by three counties.
<br /> All numbers were recalculated
<br /> 2013 73,337 $12.74 53,937 $234,797 back to 2003 to account for
<br /> 2014 74,922 $12.72 50,374 $251,005 the 16-county metro area.
<br /> 2015 78,819 $15.07 57,396 $261,419
<br /> 2016 77,891 $16.72 61,065 $273,098
<br /> 2017 76,175 $18.03 61,294 $293,641
<br /> 2018 75,969 $18.51 59,189 $312,004
<br /> Visit mplsrealtor.com to access up-to-date market reports throughout
<br /> the year. See residential real estate trends in sharp detail by week,
<br /> month and geography through a mobile-ready interactive interface that
<br /> allows for the creation of shareable charts.
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