Weekly Housing Market Activity Report
For Week Ending August 11, 2018
Publish Date: August 20, 2018 • All comparisons are to 2017
markets in the West are pushing back with fewer showings and sales. The Midwest
is marked mostly by stability of new listings and sales with gently improving
inventory. Many Northeast markets have routinely struggled to keep pace with the
overall U.S. economic recovery. And the South is enjoying more showings and sales
than the rest of the nation. Here's what's happening in the local market.
In the Twin Cities region, for the week ending August 11:
• New Listings increased 7.5% to 1,825
• Pending Sales decreased 2.5% to 1,242
• Inventory decreased 10.7% to 12,095
For the month of July:
• Median Sales Price increased 6.6% to $268,000
• Days on Market decreased 17.4% to 38
• Percent of Original List Price Received increased 0.7% to 99.8%
• Months Supply of Homes For Sale decreased 11.1% to 2.4