Weekly Housing Market Activity Report
For Week Ending March 24, 2018
Publish Date: April 2, 2018 • All comparisons are to 2017
locally. While some measures may show year-over-year declines at times, the truth
of the matter is that showings are plentiful, buyers are eagerly searching for homes
to purchase and good properties are exchanging hands whether or not the overall
inventory situation is less than favorable or mortgage rates go up a quarter percent.
In the Twin Cities region, for the week ending March 24:
• New Listings decreased 1.9% to 1,586
• Pending Sales decreased 12.4% to 1,197
• Inventory decreased 23.2% to 8,290
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 15.8% to 1.6