




The Minneapolis real estate market is one of the most popular places to buy homes in the state of Minnesota. As part of the Twin Cities metropolitan region, Minneapolis has about 3.5 million residents in the surrounding area. My family moved to the Minneapolis area to take advantage of everything it has to offer. For one thing, the cultural opportunities are abundant here. The Museum of Russian Art is a truly unique facility and it is the only one on the entire continent that is dedicated to preserving Russian art. We also frequent the Walker Art Center which has more modern exhibits that are ideal for art lovers. It also offers workshops and more.
When I want to get away for an afternoon, the Minneapolis real estate market is home to several great golf courses which are maintained by the Minneapolis Parks and Recreation Board. My favorite is the Columbia Golf Club on Central Avenue NE because this facility not only offers golf but also biking paths, concessions, archery and even cross-country skiing opportunities during the winter months.
Minneapolis is a large city with millions of residents. As a result, you can find many Minneapolis neighborhoods each with their own unique features and qualities. The Phoenix on the River, Mount Curve View and other Minneapolis neighborhoods are popular because they are surrounded by community parks which many families enjoy. With a thriving economy, you can even find upscale homes at lower prices. Some of these homes are located in Lowry Hill, McNair Park, Whitney Landmark Residences. For multi-family homes and condos, the Flour Sack Lofts and Nicollet Condominiums are available at reasonable costs as well. Speak with a local realtor to help you find the Minneapolis area neighborhood that is right for you and your budget.
Regardless of your price range, there are homes in the Minneapolis real estate market that will fit your needs. There are hundreds of homes available for less than $150,000 for buyers with a smaller budget and there are also many homes over $700,000 and in the multi-million dollar range. But you can also find hundreds of homes between the prices of $150,000 and $700,000 with a variety of features and floor plans to fit your needs.
What is the current inventory for homes for sale in Minneapolis? The latest reports of 1538 days was reported in December, 2011 it was down -20.6% m/m. With 4.1 months of inventory for sale in Minneapolis which was reported December call and expert at,Minneapolis Real Estate Team. In December, 2011 the 363 new listings were lower year over year in Minneapolis down -15.4%. Currently in Minneapolis homeowners are getting about 89.4% from the original list price of their home which is down from 90.4% last month. Average number of days on the market in Minneapolis was 128 days in December that was lower year over year, as a percentage it was down -1.5% to 128 days. Minneapolis had 323 closed sales in December that was higher month over month, it was up 28 homes. Minneapolis median sales prices of real estate rose 5.5% mo/mo in December that something we encouraged to see with our Minneapolis Real Estate Team. The Mpls-Real-Estate.Com were talking about average sales prices for the month of December 2011, they were up 9.6%.









