August, 2020 Housing Market Overview $56.4 Million $224,585 9. · REALTOR® Association of Southern...
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Total Volume Sold $33.5 Million Average Sold price $205,824 Total Close Sales 163 Total New Listings 81 December, 2020 Housing Market
Transcript of August, 2020 Housing Market Overview $56.4 Million $224,585 9. · REALTOR® Association of Southern...
Total Volume Sold
$33.5 Million
9.
Average Sold price
$205,824
Total Close Sales
163
Total New Listings
81
December, 2020
Housing Market
Overview
All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
New Listings A Statistical Market Report from the REALTOR® Association of Southern Minnesota
65
8781
2018 2019 2020
December 2020
Historical Market Activity
2,644 2,632
2,391
2018 2019 2020
Year to Date
0
20
40
60
80
100
120
140
160
180
December.18 December.19 December.20
New Listings
Closed Sales
One Year Change: -9.2%
Two Year Change: -9.6%
One Year Change: -6.9%
Two Year Change: +24.6%
All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Closed Sales A Statistical Market Report from the REALTOR® Association of Southern Minnesota
133147
163
2018 2019 2020
December, 2020
One year change:+10.9%Two year change: +22.6%
0
20
40
60
80
100
120
140
160
180
December.18 December.19 December.20
New Listings
Closed Sales
Historical Market Activity
Late Sales recorded in MLS figured in Year to Date Totals
2,168
2,110
2,354
2018 2019 2020
Year to Date
One year change: +11.6%Two year change: +8.6%
All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Dollar Volume of Closed Sales (in millions) A Statistical Market Report from the REALTOR® Association of Southern Minnesota
$26.6 $29.2
$33.5
2018 2019 2020
December 2020
One YearChange: +14.7%
Two YearChange: +25.9%
$426.4 $435.2
$519.3
2018 2019 2020
Year to Date
One YearChage: +19.3%
Two YearChange: +21.8%
Late Sales recorded in MLS figured in Year to Date Totals
$-
$5.0
$10.0
$15.0
$20.0
$25.0
$30.0
$35.0
$40.0
December.18 December.19 December.20
Historical Dollar Volume (in millions)
All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Average Sales Price A Statistical Market Report from the REALTOR® Association of Southern Minnesota
$196,690
$206,261
$220,592
2018 2019 2020
Year to Date
One Year change:+6.9%
Two Year Change:+12.2%
Figures do not take into account seller concessions.
$200,185
$198,693
$205,824
2018 2019 2020
December, 2020
One Year Change: +3.6%
Two Year Change: +2.8%
$194,000
$196,000
$198,000
$200,000
$202,000
$204,000
$206,000
$208,000
December. 18 December.19 December.20
Historical Average Prices
Late Sales recorded in MLS figured in Year to Date Totals
All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Median Sales Price A Statistical Market Report from the REALTOR® Association of Southern Minnesota
$173,300
$184,950
$199,900
2018 2019 2020
Year to Date
$145,000
$150,000
$155,000
$160,000
$165,000
$170,000
$175,000
$180,000
$185,000
$190,000
$195,000
December.18 December.19 December.20
Historical Median Prices
$160,500
$175,000
$190,000
2018 2019 2020
December, 2020
One Year Change:+8.6%
Two Year Change:+18.4%
%
Figures do not take into account seller concessions
One Year Change: +8.1%
Two Year Change: +15.3%
Late Sales recorded in MLS figured in Year to Date Totals
All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Percent of Original List Price Received at Sale A Statistical Market Report from the REALTOR® Association of Southern Minnesota
85%
87%
89%
91%
93%
95%
97%
99%
December.18 December.19 December.20
Historical Percent of Original List Price Received at Sale
94.0% 94.0%
96.0%
93%
94%
94%
95%
95%
96%
96%
97%
2018 2019 2020
December, 2020The Percent of Original List Price Received at Sale is calculated by comparing the final sales prices of closed sales to their original list prices. This does not account for list prices from any previous listing contracts. The sales price does not account for seller concessions.
One Year Change: +2.1% Two Year Change: +2.1%
All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
New Listings in Zip Codes 56001 & 56003 A Statistical Market Report from the REALTOR® Association of Southern Minnesota
2018 2019 2020
19
24
27
2018 2019 2020
December, 2020949
938
907
2018 2019 2020
Year to Date
One Year Change: +12.5%
Two Year Change: +42.1%
Historical Market Activity
One Year Change:
-3.3% Two Year Change:
-4.4%
0
10
20
30
40
50
60
70
December.18 December.19 December.20
New Listings
Closed Sales
All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Closed Sales in Zip Codes 56001 & 56003 A Statistical Market Report from the REALTOR® Association of Southern Minnesota
0
10
20
30
40
50
60
70
December.18 December.19 December.20
New Listings
Closed Sales
44
64
49
2018 2019 2020
December, 2020
One YearChange:-23.4%
Two YearChange: +11.4%
796
776
882
2018 2019 2020
Year to Date
One YearChange:+13.7%
Two YearChange: +10.8%
Historical Market Activity
Late Sales recorded in MLS figured in Year to Date Totals
All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Dollar Volume of Closed Sales (in millions) in Zip Codes 56001 & 56003 A Statistical Market Report from the REALTOR® Association of Southern Minnesota
$10.2
$15.3
$11.6
2018 2019 2020
December, 2020
One Year Change: -24.2%
Two Year Change:+13.7%
$183.7 $192.3
$224.3
2018 2019 2020
Year to Date
One YearChange: +16.6%
Two YearChange:+22.1%
Late Sales recorded in MLS figured in Year to Date Totals
$0.0
$2.0
$4.0
$6.0
$8.0
$10.0
$12.0
$14.0
$16.0
$18.0
December.18 December.19 December.20
Historical Dollar Volume (in millions)
All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Average Sales Price in Zip Codes 56001 & 56003 A Statistical Market Report from the REALTOR® Association of Southern Minnesota
$230,762
$247,835
$254,307
2018 2019 2020
Year to Date
One Year Change:+2.6%
Two Year Change:+10.2%
Figures do not take into account seller concessions.
One Year Change: +9.3%
Two Year Change: +9.2%
Late Sales recorded in MLS figured in Year to Date Totals
$232,631
$238,705
$235,867
2018 2019 2020
December, 2020
1 year change: -
-1.2%2 year change: --
+1.4%
$229,000
$230,000
$231,000
$232,000
$233,000
$234,000
$235,000
$236,000
$237,000
$238,000
$239,000
$240,000
December.18 December.19 December.20
Historical Average Prices
All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Median Sales Price in Zip Codes 56001 & 56003 A Statistical Market Report from the REALTOR® Association of Southern Minnesota
$211,000
$228,850
$235,000
2018 2019 2020
Year to Date
$0
$50,000
$100,000
$150,000
$200,000
$250,000
December.18 December. 19 December.20
Historical Median Prices
$182,000
$229,200$210,000
2018 2019 2020
December, 2020
Figures do not take into account seller concessions
One Year Change: +2.7%
Two Year Change: +11.4%
Late Sales recorded in MLS figured in Year to Date Totals
One Year Change:
-8.4% Two Year Change: +15.4%
All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Percent of Original List Price Received at Sale in Zip Codes 56001 & 56003 A Statistical Market Report from the REALTOR® Association of Southern Minnesota
91.0%
97.0%
96.0%
88%
89%
90%
91%
92%
93%
94%
95%
96%
97%
98%
2018 2019 2020
December, 2020
88%
89%
90%
91%
92%
93%
94%
95%
96%
97%
98%
December.18 December.19 December.20
Historical Percent of Original List Price Received at Sale
The Percent of Original List Price Received at Sale is calculated by comparing the final sales prices of closed sales to their original list prices. This does not account for list prices from any previous listing contracts. The sales price does not account for seller concessions.
`
Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due to small sample size involved. All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Local Market Updates A free research tool from the REALTOR® Association of Southern Minnesota
Blue Earth/Winnebago/Wells/Kiester/Bricelyn December, 2020 Year to Date
Faribault County, MN 2019 2020 Change
New Listings 4 5 25.0%
Closed Sales 10 11 10.0%
Average Sales Price 96,170$ 112,213$ 16.7%
Percent of Original Last Price Received at Sale* 88.0% 91.0% 3.4%
Average Days on Market Until Sale 132 138 4.5%
Total Current Inventory** 41 20 -51.2%
Single-Family Detached Inventory 40 18 -55.0%
2019 2020 Change
159 123 -22.6%
122 134 9.8%
106,476$ 118,576$ 11.4%
89.0% 92.0% 3.4%
165 145 -12.1%
. .
. . . *Does not account for list prices from any previous listing contracts or seller concessions **City inventory figures were first tracked in June 2007
Activity-Most Recent Month Activity-Year to Date Average Sales Price Ratio of Sales Price to Original List Price Average Days on Market Until Sale Current Inventory
45
1011
2019 2020
New Listings
Closed Sales 159
123122134
2019 2020
New ListingsClosed Sales
$96,170 $106,476 $112,213 $118,576
December Year to Date
2019
2020
88.0%
89.0%
91.0%
92.0%
December Year to Date
2019
2020
132
165
138 145
December Year to Date
2019
2020
18
2
Single-Family Detached Townhouse/Condo
Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due to small sample size involved. All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Local Market Updates A free research tool from the REALTOR® Association of Southern Minnesota
Eagle Lake/Madison Lake December, 2020 Year to Date
Blue Earth County, MN 2019 2020 Change
New Listings 3 3 0.0%
Closed Sales 6 6 0.0%
Average Sales Price 240,833$ 252,066$ 4.7%
Percent of Original Last Price Received at Sale* 95.0% 96.0% 1.1%
Average Days on Market Until Sale 122 76 -37.7%
Total Current Inventory** 20 11 -45.0%
Single-Family Detached Inventory 18 11 -38.9%
2019 2020 Change
119 82 -31.1%
92 81 -12.0%
308,637$ 335,148$ 8.6%
96.0% 95.0% -1.0%
101 110 8.9%
. . .
. . . *Does not account for list prices from any previous listing contracts or seller concessions **City inventory figures were first tracked in June 2007
Activity-Most Recent Month Activity-Year to Date Average Sales Price Ratio of Sales Price to Original List Price Average Days on Market Until Sale Current Inventory
3 3
6 6
2019 2020
New Listings
Closed Sales
$240,833
$308,637
$252,066
$335,148
December Year to Date
2019
2020
122
101
76
110
December Year to Date
2019
2020
119
8292
81
2019 2020
New Listings
Closed Sales
95.0%
96.0%96.0%
95.0%
December Year to Date
20192020
11
0
Single-Family Detached Townhouse/Condo
Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due to small sample size involved. All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Local Market Updates A free research tool from the REALTOR® Association of Southern Minnesota
Elysian/Waterville December, 2020 Year to Date
Le Sueur County, MN 2019 2020 Change
New Listings 3 1 -66.7%
Closed Sales 2 3 50.0%
Average Sales Price 510,000$ 258,333$ -49.3%
Percent of Original Last Price Received at Sale* 93.0% 96.0% 3.2%
Average Days on Market Until Sale 144 79 -45.1%
Total Current Inventory** 13 4 -69.2%
Single-Family Detached Inventory 13 4 -69.2%
2019 2020 Change
65 57 -12.3%
44 63 43.2%
241,712$ 272,640$ 12.8%
92.0% 95.0% 3.3%
116 118 1.7%
. . .
. . . *Does not account for list prices from any previous listing contracts or seller concessions **City inventory figures were first tracked in June 2007
Activity-Most Recent Month Activity-Year to Date Average Sales Price Ratio of Sales Price to Original List Price Average Days on Market Until Sale Current Inventory
3
1
2
3
2019 2020
New Listings
Closed Sales
$510,000
$241,712 $258,333 $272,640
December Year to Date
2019
2020
144
116
79
118
December Year to Date
2018
2019
6557
44
63
2019 2020
New Listings
Closed Sales
93.0%
92.0%
96.0%
95.0%
December Year to Date
2019
2020
4
0
Single-Family Detached Townhouse/Condo
Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due to small sample size involved. All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Local Market Updates A free research tool from the REALTOR® Association of Southern Minnesota
Lake Crystal December 2020 Year to Date
Blue Earth County, MN 2019 2020 Change
New Listings 2 4 100.0%
Closed Sales 3 3 0.0%
Average Sales Price 118,433$ 214,200$ 80.9%
Percent of Original Last Price Received at Sale* 97.0% 99.0% 2.1%
Average Days on Market Until Sale 67 76 13.4%
Total Current Inventory** 5 4 -20.0%
Single-Family Detached Inventory 5 4 -20.0%
2019 2020 Change
53 71 34.0%
52 58 11.5%
208,630$ 195,168$ -6.5%
96.0% 98.0% 2.1%
96 68 -29.2%
. . .
. . . *Does not account for list prices from any previous listing contracts or seller concessions **City inventory figures were first tracked in June 2007
Activity-Most Recent Month Activity-Year to Date Average Sales Price Ratio of Sales Price to Original List Price Average Days on Market Until Sale Current Inventory
2
4
3 3
2019 2020
New Listings
Closed Sales
$118,433
$208,630 $214,200 $195,168
December Year to Date
2019
2020
67
96
7668
December Year to Date
2019
2020
53
71
5258
2019 2020
New Listings
Closed Sales
97.0%
96.0%
99.0%
98.0%
December Year to Date
2018
2019
4
0
Single-Family Detached Townhouse/Condo
Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due to small sample size involved. All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Local Market Updates A free research tool from the REALTOR® Association of Southern Minnesota
LeSueur/LeCenter/Henderson December, 2020 Year to Date
Le Sueur County, MN 2019 2020 Change
New Listings 4 2 -50.0%
Closed Sales 5 8 60.0%
Average Sales Price 246,800$ 230,987$ -6.4%
Percent of Original Last Price Received at Sale* 98.0% 86.0% -12.2%
Average Days on Market Until Sale 113 102 -9.7%
Total Current Inventory** 21 5 -76.2%
Single-Family Detached Inventory 21 5 -76.2%
2019 2020 Change
105 115 9.5%
67 110 64.2%
185,421$ 223,329$ 20.4%
97.0% 97.0% 0.0%
82 94 14.6%
. . .
. . . *Does not account for list prices from any previous listing contracts or seller concessions **City inventory figures were first tracked in June 2007
Activity-Most Recent Month Activity-Year to Date Average Sales Price Ratio of Sales Price to Original List Price Average Days on Market Until Sale Current Inventory
4
2
5
8
2019 2020
New Listings
Closed Sales
$246,800
$185,421
$230,987 $223,329
December Year to Date
2019
2020
113
82
10294
December Year to Date
2019
2020
105115
67
110
2019 2020
New Listings
Closed Sales
98.0%97.0%
86.0%
97.0%
December Year to Date
2019
2020
5
0
Single-Family Detached Townhouse/Condo
Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due to small sample size involved. All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Local Market Updates A free research tool from the REALTOR® Association of Southern Minnesota
Lower North Mankato December, 2020 Year to Date
Nicollet County, MN 2019 2020 Change
New Listings 2 3 50.0%
Closed Sales 5 6 20.0%
Average Sales Price 159,830$ 205,583$ 28.6%
Percent of Original Last Price Received at Sale* 96.0% 96.0% 0.0%
Average Days on Market Until Sale 62 78 25.8%
Total Current Inventory** 9 3 -66.7%
Single-Family Detached Inventory 9 3 -66.7%
2019 2020 Change
69 79 14.5%
56 80 42.9%
169,758$ 187,706$ 10.6%
97.0% 98.0% 1.0%
65 65 0.0%
. . .
. . . *Does not account for list prices from any previous listing contracts or seller concessions **City inventory figures were first tracked in June 2007
Activity-Most Recent Month Activity-Year to Date Average Sales Price Ratio of Sales Price to Original List Price Average Days on Market Until Sale Current Inventory
2
3
5
6
2019 2020
New Listings
Closed Sales
$159,830 $169,758
$205,583 $187,706
December Year to Date
2019
2020
62 65
78
65
December Year to Date
2019
2020
6979
56
80
2019 2020
New Listings
Closed Sales
96.0%
97.0%
96.0%
98.0%
December Year to Date
2019
2020
3
0
Single-Family Detached Townhouse/Condo
Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due to small sample size involved. All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Local Market Updates A free research tool from the REALTOR® Association of Southern Minnesota
Madelia/St. James December, 2020 Year to Date
Watonwan County, MN 2019 2020 Change
New Listings 3 3 0.0%
Closed Sales 4 11 175.0%
Average Sales Price 86,966$ $120,354 38.4%
Percent of Original Last Price Received at Sale* 89.0% 93.0% 4.5%
Average Days on Market Until Sale 156 87 -44.2%
Total Current Inventory** 46 13 -71.7%
Single-Family Detached Inventory 46 13 -71.7%
2019 2020 Change
107 93 -13.1%
77 92 19.5%
105,568$ $124,754 18.2%
92.0% 92.0% 0.0%
131 161 22.9%
. . .
. . . *Does not account for list prices from any previous listing contracts or seller concessions **City inventory figures were first tracked in June 2007
Activity-Most Recent Month Activity-Year to Date Average Sales Price Ratio of Sales Price to Original List Price Average Days on Market Until Sale Current Inventory
3 34
11
2019 2020
New Listings
Closed Sales
$86,966
$105,568 $120,354 $124,754
December Year to Date
2019
2020
156
131
87
161
December Year to Date
2019
2020
107
93
77
92
2019 2020
New Listings
Closed Sales
89.0%
92.0%
93.0%
92.0%
December Year to Date
2019
2020
13
0
Single-Family Detached Townhouse/Condo
Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due to small sample size involved. All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Local Market Updates A free research tool from the REALTOR® Association of Southern Minnesota
Mankato Central December, 2020 Year to Date
Blue Earth County, MN 2019 2020 Change
New Listings 2 3 50.0%
Closed Sales 8 7 -12.5%
Average Sales Price 156,712$ 148,071$ -5.5%
Percent of Original Last Price Received at Sale* 94.0% 88.0% -6.4%
Average Days on Market Until Sale 75 75 0.0%
Total Current Inventory** 9 8 -11.1%
Single-Family Detached Inventory 9 8 -11.1%
2019 2020 Change
98 91 -7.1%
87 87 0.0%
151,159$ 154,192$ 2.0%
96.0% 95.0% -1.0%
75 70 -6.7%
. . .
. . . *Does not account for list prices from any previous listing contracts or seller concessions **City inventory figures were first tracked in June 2007
Activity-Most Recent Month Activity-Year to Date Average Sales Price Ratio of Sales Price to Original List Price Average Days on Market Until Sale Current Inventory
23
87
2019 2020
New Listings
Closed Sales
$156,712
$151,159
$148,071
$154,192
December Year to Date
2019
2020
75 7575
70
December Year to Date
2019
2020
98
91
87 87
2019 2020
New Listings
Closed Sales
94.0%
96.0%
88.0%
95.0%
December Year to Date
2019
2020
8
0
Single-Family Detached Townhouse/Condo
Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due to small sample size involved. All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Local Market Updates A free research tool from the REALTOR® Association of Southern Minnesota
Mankato Hilltop December, 2020 Year to Date
Blue Earth County, MN 2019 2020 Change
New Listings 8 12 50.0%
Closed Sales 24 15 -37.5%
Average Sales Price 262,191$ 231,186$ -11.8%
Percent of Original Last Price Received at Sale* 97.0% 99.0% 2.1%
Average Days on Market Until Sale 84 82 -2.4%
Total Current Inventory** 62 28 -54.8%
Single-Family Detached Inventory 38 13 -65.8%
2019 2020 Change
420 389 -7.4%
354 382 7.9%
254,363$ 271,721$ 6.8%
97.0% 99.0% 2.1%
66 98 48.5%
. . .
. . . *Does not account for list prices from any previous listing contracts or seller concessions **City inventory figures were first tracked in June 2007
Activity-Most Recent Month Activity-Year to Date Average Sales Price Ratio of Sales Price to Original List Price Average Days on Market Until Sale Current Inventory
8
12
24
15
2019 2020
New Listings
Closed Sales
$262,191 $254,363
$231,186
$271,721
December Year to Date
2019
2020
84
66
82
98
December Year to Date
2019
2020
420
389
354
382
2019 2020
New Listings
Closed Sales
97.0% 97.0%
99.0% 99.0%
December Year to Date
2019
2020
13
15
Single-Family Detached Townhouse/Condo
Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due to small sample size involved. All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Local Market Updates A free research tool from the REALTOR® Association of Southern Minnesota
Mankato-James/SouthView/Viking Terrace/Kensington December 2020 Year to Date
Blue Earth County, MN 2019 2020 Change
New Listings 0 1 #DIV/0!
Closed Sales 2 0 -100.0%
Average Sales Price 370,000$ -$ -100.0%
Percent of Original Last Price Received at Sale* 87.0% 0.0% -100.0%
Average Days on Market Until Sale 143 0 -100.0%
Total Current Inventory** 7 6 -14.3%
Single-Family Detached Inventory 7 6 -14.3%
2019 2020 Change
27 26 -3.7%
20 20 0.0%
412,711$ 379,299$ -8.1%
94.0% 98.0% 4.3%
135 103 -23.7%
. . .
. . . *Does not account for list prices from any previous listing contracts or seller concessions **City inventory figures were first tracked in June 2007
Activity-Most Recent Month Activity-Year to Date Average Sales Price Ratio of Sales Price to Original List Price Average Days on Market Until Sale Current Inventory
0
1
2
0
2019 2020
New Listings
Closed Sales
$370,000 $412,711
$-
$379,299
December Year to Date
2019
2020
143135
0
103
December Year to Date
2019
2020
27 26
20 20
2019 2020
New Listings
Closed Sales
87.0%94.0%
0.0%
98.0%
December Year to Date
2019
2020
6
0
Single-Family Detached Townhouse/Condo
Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due to small sample size involved. All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Local Market Updates A free research tool from the REALTOR® Association of Southern Minnesota
Mankato and North Mankato December, 2020 Year to Date
Blue Earth/Nicollet County, MN 2019 2020 Change
New Listings 24 27 12.5%
Closed Sales 64 49 -23.4%
Average Sales Price 238,705$ 235,867$ -1.2%
Percent of Original Last Price Received at Sale* 95.0% 96.0% 1.1%
Average Days on Market Until Sale 93 76 -18.3%
Total Current Inventory** 141 53 -62.4%
Single-Family Detached Inventory 113 38 -66.4%
2019 2020 Change
938 907 -3.3%
776 882 13.7%
247,835$ 254,307$ 2.6%
97.0% 98.0% 1.0%
95 89 -6.3%
. . .
. . . *Does not account for list prices from any previous listing contracts or seller concessions **City inventory figures were first tracked in June 2007
Activity-Most Recent Month Activity-Year to Date Average Sales Price Ratio of Sales Price to Original List Price Average Days on Market Until Sale Current Inventory
24 27
64
49
2019 2020
New Listings
Closed Sales
938 907
776882
2019 2020
New Listings
Closed Sales
38
15
Single-Family Detached Townhouse/Condo
$238,705
$247,835
$235,867
$254,307
December Year to Date
2019
2020
93 95
76
89
December Year to Date
2019
2020
95.0%
97.0%
96.0%
98.0%
December Year to Date
2019
2020
Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due to small sample size involved. All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Local Market Updates A free research tool from the REALTOR® Association of Southern Minnesota
Mapleton/Amboy/Minnesota Lake/Good Thunder December 2020 Year to Date
Blue Earth County, MN 2019 2020 Change
New Listings 4 5 25.0%
Closed Sales 6 9 50.0%
Average Sales Price 156,250$ 170,444$ 9.1%
Percent of Original Last Price Received at Sale* 97.0% 95.0% -2.1%
Average Days on Market Until Sale 138 145 5.1%
Total Current Inventory** 20 5 -75.0%
Single-Family Detached Inventory 18 5 -72.2%
2019 2020 Change
81 82 1.2%
59 79 33.9%
133,367$ 169,141$ 26.8%
94.0% 95.0% 1.1%
121 121 0.0%
. . .
. . . *Does not account for list prices from any previous listing contracts or seller concessions **City inventory figures were first tracked in June 2007
Activity-Most Recent Month Activity-Year to Date Average Sales Price Ratio of Sales Price to Original List Price Average Days on Market Until Sale Current Inventory
45
6
9
2019 2020
New Listings
Closed Sales
$156,250
$133,367
$170,444 $169,141
December Year to Date
2019
2020
138
121
145
121
December Year to Date
2019
2020
81 82
59
79
2019 2020
New Listings
Closed Sales
97.0%
94.0%
95.0% 95.0%
December Year to Date
2019
2020
5
0
Single-Family Detached Townhouse/Condo
Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due to small sample size involved. All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Local Market Updates A free research tool from the REALTOR® Association of Southern Minnesota
New Ulm/Hanska/Lafayette/Courtland December, 2020 Year to Date
Brown County, MN 2019 2020 Change
New Listings 12 9 -25.0%
Closed Sales 15 16 6.7%
Average Sales Price 149,453$ 175,650$ 17.5%
Percent of Original Last Price Received at Sale* 95.0% 97.0% 2.1%
Average Days on Market Until Sale 81 84 3.7%
Total Current Inventory** 53 13 -75.5%
Single-Family Detached Inventory 45 10 -77.8%
2019 2020 Change
266 253 -4.9%
228 258 13.2%
173,888$ 196,537$ 13.0%
96.0% 96.0% 0.0%
96 105 9.4%
. . .
. . . *Does not account for list prices from any previous listing contracts or seller concessions **City inventory figures were first tracked in June 2007
Activity-Most Recent Month Activity-Year to Date Average Sales Price Ratio of Sales Price to Original List Price Average Days on Market Until Sale Current Inventory
12
9
1516
2019 2020
New Listings
Closed Sales
$149,453 $173,888 $175,650
$196,537
December Year to Date
2019
2020
81
9684
105
December Year to Date
2019
2020
266
253
228
258
2019 2020
New Listings
Closed Sales
95.0%
96.0%
97.0%
96.0%
December Year to Date
20192020
10
3
Single-Family Detached Townhouse/Condo
Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due to small sample size involved. All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Local Market Updates A free research tool from the REALTOR® Association of Southern Minnesota
Nicollet/Judson December, 2020 Year to Date
Multiple Counties, MN 2019 2020 Change
New Listings 0 0 #DIV/0!
Closed Sales 0 2 #DIV/0!
Average Sales Price -$ $223,250 #DIV/0!
Percent of Original Last Price Received at Sale* 0.0% 78.0% #DIV/0!
Average Days on Market Until Sale 0 81 #DIV/0!
Total Current Inventory** 1 1 0.0%
Single-Family Detached Inventory 1 1 0.0%
2019 2020 Change
21 12 -42.9%
16 15 -6.3%
165,968$ $224,866 35.5%
96.0% 100.0% 4.2%
91 64 -29.7%
. . .
. . . *Does not account for list prices from any previous listing contracts or seller concessions **City inventory figures were first tracked in June 2007
Activity-Most Recent Month Activity-Year to Date Average Sales Price Ratio of Sales Price to Original List Price Average Days on Market Until Sale Current Inventory
0 00
2
2019 2020
New Listings
Closed Sales
21
12
16 15
2019 2020
New Listings
Closed Sales
1
0
Single-Family Detached Townhouse/Condo
$-
$165,968
$223,250 $224,866
December Year to Date
2019
2020
0
91
81
64
December Year to Date
2019
2020
0.0%
96.0%
78.0%
100.0%
December Year to Date
2019
2020
Late Sales recorded in MLS figured in Year to
Date Totals
Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due to small sample size involved. All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Local Market Updates A free research tool from the REALTOR® Association of Southern Minnesota
Rural Mankato and North Mankato December, 2020 Year to Date
Multiple Counties, MN 2019 2020 Change
New Listings 2 0 -100.0%
Closed Sales 5 4 -20.0%
Average Sales Price 266,500$ 382,475$ 43.5%
Percent of Original Last Price Received at Sale* 93.0% 97.0% 4.3%
Average Days on Market Until Sale 91 71 -22.0%
Total Current Inventory** 9 3 -66.7%
Single-Family Detached Inventory 8 3 -62.5%
2019 2020 Change
60 59 -1.7%
52 58 11.5%
320,184$ 329,613$ 2.9%
93.0% 96.0% 3.2%
129 99 -23.3%
. . .
. . . *Does not account for list prices from any previous listing contracts or seller concessions **City inventory figures were first tracked in June 2007
Activity-Most Recent Month Activity-Year to Date Average Sales Price Ratio of Sales Price to Original List Price Average Days on Market Until Sale Current Inventory
2
0
5
4
2019 2020
New Listings
Closed Sales
$266,500
$320,184
$382,475
$329,613
December Year to Date
2019
2020
91
129
71
99
December Year to Date
2019
2020
6059
52
58
2019 2020
New Listings
Closed Sales
93.0% 93.0%
97.0%
96.0%
December Year to Date
2019
2020
3
0
Single-Family Detached Townhouse/Condo
Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due to small sample size involved. All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Local Market Updates A free research tool from the REALTOR® Association of Southern Minnesota
Sleepy Eye/Comfrey December, 2020 Year to Date
Brown County, MN 2019 2020 Change
New Listings 0 5 #DIV/0!
Closed Sales 2 1 -50.0%
Average Sales Price 59,000$ 50,505$ -14.4%
Percent of Original Last Price Received at Sale* 76.0% 127.0% 67.1%
Average Days on Market Until Sale 93 35 -62.4%
Total Current Inventory** 15 5 -66.7%
Single-Family Detached Inventory 15 5 -66.7%
2019 2020 Change
62 59 -4.8%
48 50 4.2%
118,873$ 127,114$ 6.9%
92.0% 92.0% 0.0%
94 111 18.1%
. . .
. . .
*Does not account for list prices from any previous listing contracts or seller concessions **City inventory figures were first tracked in June 2007
Activity-Most Recent Month Activity-Year to Date Average Sales Price Ratio of Sales Price to Original List Price Average Days on Market Until Sale Current Inventory
0
5
2
1
2019 2020
New Listings
Closed Sales
$59,000
$118,873
$50,505
$127,114
December Year to Date
2019
2020
93 94
35
111
December Year to Date
2019
2020
62 59
48 50
2019 2020
New Listings
Closed Sales
76.0%
92.0%
127.0%
92.0%
December Year to Date
2019
2020
5
0
Single-Family Detached Townhouse/Condo
Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due to small sample size involved. All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Local Market Updates A free research tool from the REALTOR® Association of Southern Minnesota
St. Clair/Waldorf/Pemberton/Janesville December, 2020 Year to Date
Multiple Counties, MN 2019 2020 Change
New Listings 4 2 -50.0%
Closed Sales 4 3 -25.0%
Average Sales Price 142,325$ 98,966$ -30.5%
Percent of Original Last Price Received at Sale* 89.0% 87.0% -2.2%
Average Days on Market Until Sale 99 88 -11.1%
Total Current Inventory** 16 4 -75.0%
Single-Family Detached Inventory 13 4 -69.2%
2019 2020 Change
88 52 -40.9%
72 52 -27.8%
163,403$ 192,469$ 17.8%
95.0% 97.0% 2.1%
90 94 4.4%
. . .
. . . *Does not account for list prices from any previous listing contracts or seller concessions **City inventory figures were first tracked in June 2007
Activity-Most Recent Month Activity-Year to Date Average Sales Price Ratio of Sales Price to Original List Price Average Days on Market Until Sale Current Inventory
4
2
4
3
2019 2020
New Listings
Closed Sales
$142,325 $163,403
$98,966
$192,469
December Year to Date
2019
2020
99
90
88
94
December Year to Date
2019
2020
88
52
72
52
2019 2020
New Listings
Closed Sales
89.0%
95.0%
87.0%
97.0%
December Year to Date
2019
2020
4
0
Single-Family Detached Townhouse/Condo
Late Sales recorded in MLS figured in Year to
Date Totals
Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due to small sample size involved. All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Local Market Updates A free research tool from the REALTOR® Association of Southern Minnesota
St. Peter/Kasota/Cleveland December, 2020 Year to Date
Multiple Counties, MN 2019 2020 Change
New Listings 12 6 -50.0%
Closed Sales 4 16 300.0%
Average Sales Price 173,100$ 253,156$ 46.2%
Percent of Original Last Price Received at Sale* 96.0% 96.0% 0.0%
Average Days on Market Until Sale 66 122 84.8%
Total Current Inventory** 39 13 -66.7%
Single-Family Detached Inventory 35 11 -68.6%
2019 2020 Change
226 206 -8.8%
187 209 11.8%
229,299$ 258,400$ 12.7%
96.0% 96.0% 0.0%
77 103 33.8%
. . .
. . . *Does not account for list prices from any previous listing contracts or seller concessions **City inventory figures were first tracked in June 2007
Activity-Most Recent Month Activity-Year to Date Average Sales Price Ratio of Sales Price to Original List Price Average Days on Market Until Sale Current Inventory
12
64
16
2019 2020
New Listings
Closed Sales
$173,100
$229,299$253,156 $258,400
December Year to Date
2019
2020
6677
122
103
December Year to Date
2019
2020
226206
187209
2019 2020
New Listings
Closed Sales
96.0% 96.0%96.0% 96.0%
December Year to Date
2019
2020
11
2
Single-Family Detached Townhouse/Condo
Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due to small sample size involved. All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Local Market Updates A free research tool from the REALTOR® Association of Southern Minnesota
Upper North Mankato December, 2020 Year to Date
Nicollet County, MN 2019 2020 Change
New Listings 9 5 -44.4%
Closed Sales 14 8 -42.9%
Average Sales Price 278,321$ 283,981$ 2.0%
Percent of Original Last Price Received at Sale* 91.0% 99.0% 8.8%
Average Days on Market Until Sale 137 64 -53.3%
Total Current Inventory** 32 2 -93.8%
Single-Family Detached Inventory 29 2 -93.1%
2019 2020 Change
193 178 -7.8%
149 173 16.1%
285,187$ 286,410$ 0.4%
96.0% 97.0% 1.0%
101 91 -9.9%
. . .
. . . *Does not account for list prices from any previous listing contracts or seller concessions **City inventory figures were first tracked in June 2007
Activity-Most Recent Month Activity-Year to Date Average Sales Price Ratio of Sales Price to Original List Price Average Days on Market Until Sale Current Inventory
9
5
14
8
2019 2020
New Listings
Closed Sales
$278,321
$285,187 $283,981
$286,410
December Year to Date
2019
2020
137
101
64
91
December Year to Date
2019
2020
193178
149173
2019 2020
New Listings
Closed Sales
91.0%
96.0%
99.0%
97.0%
December Year to Date
2019
2020
2
0
Single-Family Detached Townhouse/Condo
Some of the figures referenced in this report are for only one month worth of activity. As such, they can sometimes look extreme due to small sample size involved. All data from the REALTOR® Association of Southern Minnesota Multiple Listing Service.
Local Market Updates A free research tool from the REALTOR® Association of Southern Minnesota
West Mankato/Skyline December, 2020 Year to Date
Blue Earth County, MN 2019 2020 Change
New Listings 1 3 200.0%
Closed Sales 5 9 80.0%
Average Sales Price 168,426$ 224,216$ 33.1%
Percent of Original Last Price Received at Sale* 94.0% 97.0% 3.2%
Average Days on Market Until Sale 69 76 10.1%
Total Current Inventory** 10 2 -80.0%
Single-Family Detached Inventory 10 2 -80.0%
2019 2020 Change
67 78 16.4%
56 75 33.9%
210,195$ 193,695$ -7.8%
97.0% 97.0% 0.0%
83 72 -13.3%
. . .
. . .
*Does not account for list prices from any previous listing contracts or seller concessions **City inventory figures were first tracked in June 2007
Activity-Most Recent Month Activity-Year to Date Average Sales Price Ratio of Sales Price to Original List Price Average Days on Market Until Sale Current Inventory
1
3
5
9
2019 2020
New Listings
Closed Sales
$168,426
$210,195 $193,695
December Year to Date
2019
2020
$224,216
69
8376
72
December Year to Date
2019
2020
6778
56
75
2019 2020
New Listings
Closed Sales
94.0%
97.0%97.0% 97.0%
December Year to Date
2019
2020
2
0
Single-Family Detached Townhouse/Condo
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