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r The 100. Market Updates for ioo Twin cities Communities A free research tool from the Minneapolis Area Association of REALTORS® MINNEAPOLIS AREA Association Brought to you by the unique data-sharing traditions of the REALTOR®community of REALTORS' Twin Cities Region April Year to Date 13-County Metropolitan Area 2007 2008 Change 2007 2008 Change New Listings 10,742 9,506 -11.5% 38,245 34,603 -9.5% Closed Sales 3,440 3,127 -9.1% 11,323 9,792 -13.5% Average Sales Price $262,017 $246,146 -6.1% $268,780 $245,020 -8.8% Percent of Original List Price Received at Sale* 95.9% 91.7% -4.4% 95.3% 91.2% -4.3% Average Days on Market Until Sale- 132 154 +16.7% 141 162 +14.9% Single-Family Detached Inventory 21,740 22,501 +3.5% – -- - Townhouse-Condo Inventory 10,145 9,865 -2.8% - – 'Does not account for list prices from any previous listing contracts "City market time figures are based on Cumulative Days on Market,which does account for previous listing contracts Activity—Most Recent Month Activity—Year to Date 10,742 15 New Listings E3 New Listings 0 Closed Sales 9,506 38,245 13 Closed Sales 34,603 3' 3,127 440 7711,3231 9,792 2007 2008 2007 2008 Average Sales Price Percent of Original List Price Received $262,017 $246,146 $268,780 $245,020 95.9% 95.3 02007 91.7% O 2007 91.2% D 2008 132008 April Year to Date April Year to Date Average Days on Market Until Sale Inventory of Homes for Sale 154 C32007 ,41 162 21,740 22,501 E3 2007 0132M O 2008 E32008 10,145 9,865 April Year to Date 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 the small sample size involved. For broader historical market information, please feel free to contact us. ©2007 Minneapolis Area Association of REALTORS®based upon data reported to the Regional Multiple Listing Service,Inc.