Eagan Real Estate Statistics For April 2008

Acoording to the Minneapolis Area Associaton of Realtors Eagan Mn had the following statistics.

                                                   April                                             Year To Date

                                     2007         2008       Change             2007           2008        Change

New Listings                186            145           -22%               634             542            -14.5%

Closed Sales                   48               56          +16.7%            203               175             -13.8%

Average Sales Price    $261,468    $221,650      -15.2%         $267,347      $236,494     -11.5%

Average Days on Mkt      123            141           14.2%               90              150           66.3%     

Single Family Inventory    220           208            -5.5%                    N/A              N/A                N/A

What this means:

With new listings decreasing by 22% and overall single family homes inventory down 5.5% for the month of April, the housing market in Eagan and the Twin Cities may be at its bottom.  With summer coming inventory should continue to decrease, bringing a more stable housing market for the rest of 2008.