Weekly Housing Market Activity Report
For Week Ending July 7, 2018
Publish Date: July 16, 2018 • All comparisons are to 2017
comparisons, it continues to be an ideal time for more sellers to enter the market.
Across the U.S., inventory levels are still lagging behind last year, but new listings
have perked up nicely so far this year. This has been coupled with many announced
new home-building projects across the nation and a more positive tone from the
building community.
In the Twin Cities region, for the week ending July 7:
• New Listings decreased 14.6% to 1,192
• Pending Sales decreased 10.6% to 1,018
• Inventory decreased 14.6% to 11,344
For the month of June:
• Median Sales Price increased 5.3% to $271,000
• Days on Market decreased 16.7% to 40
• Percent of Original List Price Received increased 0.8% to 100.3%
• Months Supply of Homes For Sale decreased 14.8% to 2.3