Weekly Housing Market Activity Report
For Week Ending August 18, 2018
Publish Date: August 27, 2018 • All comparisons are to 2017
higher prices, faster sales mantra has remained in place for most of the nation for
the entirety of the year – which heightened in intensity during the summer sales
season – but there has been some conversation about the possibility of more
supply and lower prices. Presently, it is just conversation, as the numbers are not
reflective of a shift in trend lines anytime soon.
In the Twin Cities region, for the week ending August 18:
• New Listings increased 6.2% to 1,759
• Pending Sales decreased 10.2% to 1,215
• Inventory decreased 10.9% to 12,207
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