Weekly Housing Market Activity Report
For Week Ending April 28, 2018 Quick Facts
Publish Date: May 7, 2018 • All comparisons are to 2017
Demand is still strong, especially in light of rising mortgage rates. Savvy consumers
will want to get into a home before rates go up again. Amidst an environment of low
inventory, buyers need to remain watchful of new listings and make their offers
quickly.
In the Twin Cities region, for the week ending April 28:
• New Listings decreased 7.2% to 1,761
• Pending Sales decreased 9.5% to 1,389
• Inventory decreased 23.5% to 9,051
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