Minnetonka, MN - Current Real Estate Statistics - May, 2008

Closed sales are down 42% in May from last year and nearly 39% overall in Minnetonka. Home prices are down 15% from last May to May, 2008. Year to date, the home prices are dead even. The average days on market is up to almost 23%. The silver lining is that with less houses on the market the there is a greater demand for them. Remember to stage your home to look better than your competition and price it just below the average home you're competing with. You can sell your home...just be smart about it!