Here is a breakdown of the Minneapolis condos that went pending during the last week:
- 17 condos/lofts in Minneapolis went pending (same as last week)
- Average pending sales price $277,105 (last wee ~$339k)
- Median sales price $159,900
- Days on market 82 (down a little bit from last week)
- Average price per square foot $262.82 (down from last week)
Takeaways
- Only two condos went pending for over $245,000. Those condos each had list prices of over $1.3 million and are located in Zenith Condominiums, so the pending sales price should be much lower if you removed these two units. Meaning only the small stuff continues to sell.
- There was $15,000 condo that sold, yes those are out there
Remember that numbers are pending, so they haven’t closed yet and stats were pulled from the MLS.
