Weekly Housing Market Activity Report
For Week Ending May 19, 2018
Publish Date: May 29, 2018 • All comparisons are to 2017
Find out what's happening in Maple Grovefor free with the latest updates from Patch.
down 2.5 percent for the nation as a whole in April. While local trends do not
necessarily coincide with national trends, a holistic outlook can often explain the
general state of feelings regarding residential real estate. Sales have been lower in
year-over-year comparisons in the hottest submarkets due to low inventory and a
speed to sale that is faster than the market can replenish itself.
In the Twin Cities region, for the week ending May 19:
• New Listings increased 8.9% to 2,279
• Pending Sales decreased 10.2% to 1,437
• Inventory decreased 22.6% to 9,768
For the month of April:
• Median Sales Price increased 9.0% to $267,000
• Days on Market decreased 10.2% to 53
• Percent of Original List Price Received increased 0.8% to 99.9%
• Months Supply of Homes For Sale decreased 20.8% to 1.9