Weekly Housing Market Activity Report
For Week Ending March 10, 2018
Publish Date: March 19, 2018 • All comparisons are to 2017
before, but that is more good news than bad news at this juncture of the year. It's
true that more homes listed for sale would be welcome for a housing market ready
for an influx of options. At the same time, there is ample evidence of buyers making
the most of what is present on the market now. Contracts are being signed, and the
prices being paid continue to prove demand.
In the Twin Cities region, for the week ending March 10:
• New Listings decreased 20.3% to 1,419
• Pending Sales decreased 9.5% to 1,069
• Inventory decreased 21.7% to 8,006
For the month of February:
• Median Sales Price increased 12.7% to $250,000
• Days on Market decreased 15.9% to 69
• Percent of Original List Price Received increased 1.6% to 98.0%
• Months Supply of Homes For Sale decreased 21.1% to 1.5