I missed the one two weeks prior for reasons I have no idea and this past week with flu-like setback but nonetheless here is a little mini market report of condos in Minneapolis that went pending:
- 17 condos/lofts went pending
- Average pending sales price $182,064
- Median pending sales price $155,000
- Days on market 94
- Average price per square foot $181.14
Takeaways
- 16 out of the 17 condos that went pending were under $200,000. The one over that went pending at $1,199,000 and was located in the luxury highrise The Carlyle.
- Days on market squeaked up a little bit from the previous couple of weeks and more condos are selling under the $100k.
- Price per square foot is also done closer to where it needs to be to keep the market moving.
- Still haven’t seen the slowdown with consistent amount of pending sales week over week, but if you have a condo over $250k, keep your fingers crossed.
Remember that these are pending sales, not closed sales. Information was used from the MLS.
