Local Market Update – March 2019

A RESEARCH TOOL PROVIDED BY MINNEAPOLIS AREA REALTORS®

- 15.6% - 26.5% + 5.2%

Change in Change in Change in

Burnsville New Listings Closed Sales Median Sales Price

March Rolling 12 Months

2018 2019 +/– 2018 2019 +/–
New Listings 109 92 -15.6% 1,202 1,170 -2.7%
Closed Sales 68 50 -26.5% 1,040 1,015 -2.4%
Median Sales Price* $258,500 $272,000 + 5.2% $249,900 $262,000 + 4.8%
Average Sales Price* $254,399 $269,324 + 5.9% $242,188 $259,674 + 7.2%
Price Per Square Foot* $126 $130 + 3.0% $121 $129 + 6.5%
Percent of Original List Price Received* 99.4% 99.6% + 0.2% 98.7% 99.4% + 0.7%
Days on Market Until Sale 44 35 -20.5% 41 34 -17.1%
Inventory of Homes for Sale 83 83 0.0% -- -- --
Months Supply of Inventory 1.0 1.0 0.0% -- -- --
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

2018 2019 2018 2019

March Rolling 12 Months
109 1,202 1,170
92 1,040 1,015
68
50

-15.6% -26.5% -2.7% -2.4%

New Listings Closed Sales New Listings Closed Sales

Change in Median Sales Price from Prior Year (6-Month Average)** 16-County Twin Cities Region b
Burnsville a
+ 30%

+ 20%

+ 10%

0%

- 10%

- 20%

- 30%
1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average.
This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period.

Current as of April 8, 2019. All data from NorthstarMLS. | Powered by ShowingTime.