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FORECLOSURES AND SHORT SALES
<br /> IN THE TWIN CITIES HOUSING MARKET ■�
<br /> Q1 2009 UPDATE
<br /> Median Prices MINNEAPOLIS AREA Association
<br /> -f REALTORS
<br /> Lender-Mediated Traditional Total
<br /> Q1 Q1 Q1 1-Yr Q1 Q1 Q1 1-Yr Q1 Q1 Q1 1-Yr
<br /> 2007 2008 2009 Change 2007 2008 2009 Change 2007 2008 2009 Change
<br /> All Properties $173,000 $157,000 $122,900 -21.7% $229,000 $220,000 $212,000 -3.6% $222,950 $200,000 $155,000 -22.5%
<br /> Single-Family Detached $179,700 $166,250 $127,500 -23.3% $249,900 $239,900 $228,000 -5.0% $240,950 $218,000 $162,500 -25.5%
<br /> Townhomes" $157,000 $139,900 $115,500 -17,4% $188,429 $179,990 $168,000 -6.7% $185,000 $169,990 $138,000 -18.8%
<br /> Condominiums $119,500 $87,000 $90,300 +3.8% $166,900 $195,383 $173,400 -11.3% $165,000 $184,300 $132,000 -28.4%
<br /> 'Includes twinhomes
<br /> Q1 Median Sales Prices Q1 ■Q1 ■Q1 s�
<br /> 2007 2008 2009
<br /> $222,950 $229,000 $220,000 'rices in the traditi...10
<br /> market haven't declined as--�
<br /> =200,000 $212,000
<br /> precipitously as the lender
<br /> $173,000 mediated market
<br /> $155,000 $157,000
<br /> The overall inedian sale
<br /> j122,900 price for all properties i
<br /> skewed by the
<br /> increased market share ci
<br /> foreclosures and sho4
<br /> Total Lender-Mediated Traditional
<br /> Historical Median Sales Prices
<br /> $260.000 - --- -
<br /> -10-Traditional
<br /> $240,000
<br /> -49-Lender-Mediated
<br /> $220,000
<br /> $200,000 -
<br /> $180,000 I
<br /> i
<br /> $160,000 -
<br /> I
<br /> $140,000 1..
<br /> $120.0001
<br /> $100,000� r- - - ---- - - -----
<br /> Q1- Q2- Q3- Q4- Q1- Q2- Q3- Q4- Q1- Q2- Q3- Q4- Q1- Q2- Q3- Q4- Q1-
<br /> 2005 2005 2005 2005 2006 2006 2006 2006 2007 2007 2007 2007 2008 2008 2008 2008 2009
<br /> 2009 Minneapolis Area Association of REALTORS&
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