The City of Princeton, MN | Market Update

The MLS indicates that prices for the city of Princeton, MN decreased for the month of December, and also have decreased year to date. This is for all types of properties that have sold within the city of Princeton, MN.

The data for this market update is based on the above search criteria over the past 12 months.

The homes that were selected for this trend line were all single family sales of 1 1/2 and 2 story design homes within the Princeton, MN for the past 12 months, for the exact search criteria see the map above. This market analysis indicates that prices are considered to be decreasing as indicated by the chart above. This is similar for what is happening for the overall market, as indicated by the MLS statistics above. Distressed sales (Bank REO's & Short Sales) are considered a factor in the market, and they make-up approximately 71% of the sales. The decline in inventory levels (32%) will have a positive impact on values.