New housing number in the Longfellow District has just been released. According to Northstar Regional MLS statistics new listings in Longfellow are down 11.3%, housing prices are down 15.8% since last year, and the percent of the original sales priced received at closing is down 2.7%. House prices in Longfellow have dropped over 15% in one year. That is a lot. I see this across the board in Minneapolis. In North Minneapolis prices are down over 44%! It is amazing on what can change in a year. But Longfellow is still a very nice neighborhood. It is close to the airport, 35W, the Mississippi, and Minnehaha Falls. One encouraging number though is that the number of days on market is down 7.1% since last year. So at least the prices are falling and people are buying. Sales are down 7.6% in Longfellow, which is a drop, but not that bad.
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