Weekly Housing Market Activity Report
For Week Ending March 31, 2018
Publish Date: April 9, 2018 • All comparisons are to 2017
house hunting should finally be taking center stage for many buyers. Quickly
assessing what's available for sale will be key for buyers in what is sure to be
another competitive selling season. Buyers and sellers must watch for further
mortgage rate increases and volatile economic indicators like a jumpy stock market
and chilly relations with international trade partners, which can cause shifts in local
housing markets.
In the Twin Cities region, for the week ending March 31:
• New Listings decreased 35.2% to 1,234
• Pending Sales decreased 19.2% to 1,124
• Inventory decreased 23.0% to 8,397
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