Weekly Housing Market Activity Report
For Week Ending May 26, 2018
Publish Date: June 4, 2018 • All comparisons are to 2017
persisting as they have week after week, month after month and now year after
year. But some metrics are teasing a deviation from the norm. There may not be as
many homes for sale as there were last year at this time, and home price increases
are still more likely than not, but there is a chance that we could see more positive
changes in either sales or new listings as the summer months progress.
In the Twin Cities region, for the week ending May 26:
• New Listings increased 5.5% to 1,817
• Pending Sales decreased 9.9% to 1,405
• Inventory decreased 19.4% to 10,322
For the month of April:
• Median Sales Price increased 8.8% to $266,500
• 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