Local Market Update – March 2019

A RESEARCH TOOL PROVIDED BY MINNEAPOLIS AREA REALTORS®

- 3.7% - 31.6% + 20.6%

Change in Change in Change in

Chaska New Listings Closed Sales Median Sales Price

March Rolling 12 Months

2018 2019 +/– 2018 2019 +/–
New Listings 54 52 -3.7% 711 652 -8.3%
Closed Sales 38 26 -31.6% 531 457 -13.9%
Median Sales Price* $265,250 $319,950 + 20.6% $291,488 $296,908 + 1.9%
Average Sales Price* $295,395 $345,158 + 16.8% $324,959 $332,816 + 2.4%
Price Per Square Foot* $143 $150 + 4.9% $135 $143 + 5.8%
Percent of Original List Price Received* 98.9% 98.5% -0.4% 98.2% 98.7% + 0.5%
Days on Market Until Sale 64 63 -1.6% 56 48 -14.3%
Inventory of Homes for Sale 77 77 0.0% -- -- --
Months Supply of Inventory 1.8 2.1 + 16.7% -- -- --
* 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
54 52 711
652
38 531
457
26

-3.7% -31.6% -8.3% -13.9%

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
Chaska a
+ 50%

+ 40%

+ 30%

+ 20%

+ 10%

0%

- 10%

- 20%

- 30%

- 40%
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.