Weekly Housing Market Activity Report
For Week Ending April 7, 2018
Publish Date: April 16, 2018 • All comparisons are to 2017
Professional baseball games are getting canceled due to snow, vacations are being
delayed by grounded flights and the usual rush that takes place in the housing
market when the names of months get shorter is maintaining a more even pace.
Given continued heightened buyer demand brought on by more household
formations and higher wages, temperance may well be a good thing for market
health.
In the Twin Cities region, for the week ending April 7:
• New Listings decreased 5.8% to 1,941
• Pending Sales decreased 11.7% to 1,230
• Inventory decreased 24.9% to 8,365
For the month of March:
• Median Sales Price increased 9.8% to $258,000
• Days on Market decreased 21.9% to 57
• Percent of Original List Price Received increased 1.1% to 99.1%
• Months Supply of Homes For Sale decreased 22.7% to 1.7