Weekly Housing Market Activity Report
For Week Ending August 25, 2018
Publish Date: September 4, 2018 • All comparisons are to 2017
2018 as the end of the freewheeling days of residential real estate – with its high
prices and fast sales, site unseen. Such a portrayal of the last several years of the
housing market are sensationalistic at best, patently false at worst. It is true that
median sales prices have risen and total days on market have lessened. This
prevailing market trend has occurred gradually, and so shall the next trend.
In the Twin Cities region, for the week ending August 25:
• New Listings increased 12.5% to 1,686
• Pending Sales decreased 7.6% to 1,179
• Inventory decreased 9.0% to 12,378
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 7.4% to 2.5