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annual review 1980-2009
<br />......... .. ........ ........ ...............
<br />is
<br />t I
<br />kr
<br />gag
<br />�p� � any y . .�. _ __ _ �� >p .- -
<br />46.238
<br />J
<br />19113
<br />1984
<br />'
<br />1086 87,789
<br />is" 58 ; 362 .. ....
<br />90,319
<br />1987 58;422: n4
<br />1980-1996: AM prop"
<br />1988 1 84,7'71
<br />03,977 types, all MLS districts.
<br />1989
<br />1990 78
<br />1991 74,650 93.52 35 99,4w
<br />ign i 72,730
<br />41 103
<br />1993 70,685
<br />$4.30 59;842 107A69
<br />1994
<br />42,454 111,iOB
<br />1996 :42,310 117,053
<br />1996 73,433 $6.82 46,04 124,022
<br />1997 63,189 $5.68 41,441 137
<br />1998 64,280 $7.09 47,836 147,346
<br />1999 57,573 $7.62 46,675 163,277 1997-present: Single-
<br />family detached homes,
<br />2000 59,618 $8.76 48,208 181,605 condominiums,
<br />2001 71,861 $10.22 50,298 203,136 townhouses and twin
<br />2002 i 73,940 $11.33 51,212 f 221.275 homes for the i3- county
<br />metropolitan area.
<br />2003 E 86,378
<br />$13.48 56,528 238,446
<br />2004 97 ,737 Home sales were
<br />97,737 $14.92 58,233 256�252 recalculated by RMLS on
<br />2005 99,211 $15.61 57,283 272 March 6, 2003 due to the
<br />2006 108,022 $13.34 47,906 278,462 fact that the previous re-
<br />2007 105,044 $1111.01 40,055 274,767 port included some sales
<br />reported early in 200 3.
<br />2008
<br />93,560 $9.18 38,730 236,953 t J
<br />2009 83,299 $9.18 45,185 199,404 1
<br />Annual Review
<br />As far as the housing market goes, it is almost
<br />as if the first decade ofthe list century did not
<br />:: A- g e Sal a Pnm exist. All gains in average sales price and total
<br />it ml DWlar Volum Can billims) = dollar volume from 2001 to 20o9 have been
<br />lost. If you're wondering what the heck the
<br />cover image re presents, this is it.
<br />'
<br />Annual Review
<br />1980-2009
<br />Listings Processed are down to 2003 levels,
<br />which is not bad if you consider 2004-2008
<br />an jj
<br />anomaly. Unit Safes data made a nice tittle jump
<br />in 2009, but a lot of this can be squarely placed
<br />on the first-time buyer tax credit and an increase
<br />in lender-mediated sales. This a thriving market
<br />does not make.
<br />IS Minneapolis Area Assodsoon of REALTONSO
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<br />I INS I - I I ,w al I Ill. - - - mob - . . . - - -
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<br />. . . . . . . . . . . . . . . . . . . . . . . 11 .........................
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