Weekly Housing Market Activity Report
For Week Ending February 10, 2018 Quick Facts
Publish Date: February 19, 2018 • All comparisons are to 2017
something that has been needed for some time, and there has been positive
movement in that regard in desirable submarkets. But it has not been consistent
from week to week in year-over-year comparisons. Another way to boost inventory
is to have fewer sales, but nobody wants to see that become an ongoing trend.
In the Twin Cities region, for the week ending February 10:
• New Listings increased 0.7% to 1,364
• Pending Sales decreased 6.9% to 853
• Inventory decreased 25.5% to 7,139
For the month of January:
• Median Sales Price increased 9.2% to $243,000
• Days on Market decreased 13.8% to 69
• Percent of Original List Price Received increased 1.0% to 96.9%
• Months Supply of Homes For Sale decreased 22.2% to 1.4