Weekly Housing Market Activity Report
For Week Ending September 22, 2018
Publish Date: October 1, 2018 • All comparisons are to 2017
prices would not recover until 2020. While roughly one million people are still
considered underwater in terms of home value, many people would consider the
housing industry to not only be fully recovered but flying forward toward
unprecedented price points. While high prices may soon begin to turn buyers off, it
will be interesting to see if there is a measurable slowdown in real estate activity
versus a natural shift to balanced prices.
In the Twin Cities region, for the week ending September 22:
• New Listings increased 6.1% to 1,555
• Pending Sales increased 3.0% to 1,156
• Inventory decreased 5.3% to 12,632
For the month of August:
• Median Sales Price increased 6.3% to $268,000
• Days on Market decreased 16.7% to 40
• Percent of Original List Price Received increased 0.7% to 99.2%
• Months Supply of Homes For Sale decreased 3.8% to 2.5