Apple Valley's Median Home Sales Price Continues to Fall

The median sales price for Apple Valley homes continued to fall during January, after ending 2011 at a decrease of more than 15 percent over the end of 2010.

Apple Valley landed at the same $150,000 median home sales price as the Twin Cities area at the end of 2011, but by the end of January 2012, that price fell to $142,050, according to new statistics from the Minneapolis Area Association of Realtors.

January's median sales price also was below December's, which was $147,125. In January 2011, the median sales price for Apple Valley homes sold was $163,550.

The Apple Valley real estate market did experience an increase in number of closed sales compared to last January—47 this year, compared to 35, an increase of more than 34 percent.

January's inventory was short of the 2010 numbers in Apple Valley by almost 30 percent, with 230 homes for sale versus 2010's 327 homes for sale during the month.