Local Market Update – March 2019

A RESEARCH TOOL PROVIDED BY MINNEAPOLIS AREA REALTORS®

+ 14.3% + 10.3% + 36.5%

Change in Change in Change in

Chanhassen New Listings Closed Sales Median Sales Price

March Rolling 12 Months

2018 2019 +/– 2018 2019 +/–
New Listings 63 72 + 14.3% 669 752 + 12.4%
Closed Sales 39 43 + 10.3% 540 530 -1.9%
Median Sales Price* $329,600 $450,000 + 36.5% $343,250 $372,860 + 8.6%
Average Sales Price* $353,860 $499,958 + 41.3% $408,559 $443,687 + 8.6%
Price Per Square Foot* $151 $165 + 9.6% $152 $162 + 6.5%
Percent of Original List Price Received* 98.6% 96.0% -2.6% 97.9% 97.8% -0.1%
Days on Market Until Sale 63 86 + 36.5% 54 61 + 13.0%
Inventory of Homes for Sale 101 90 -10.9% -- -- --
Months Supply of Inventory 2.3 2.0 -13.0% -- -- --
* 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
72 752
63 669
540 530
39 43

+ 14.3% + 10.3% + 12.4% -1.9%

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
Chanhassen a
+ 40%

+ 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.