Weekly Housing Market Activity Report
For Week Ending October 20, 2018 Quick Facts
Publish Date: October 29, 2018 • All comparisons are to 2017
another, depending on geographic location. While it is true that median sales prices
are relatively high in terms of housing affordability for the standard household wage,
metrics such as new listings, pending sales and inventory are all fairly level with
year-ago levels in much of the nation. At a time of stock market volatility, political
uncertainty and rising interest rates, this is very welcome news.
In the Twin Cities region, for the week ending October 20:
• New Listings increased 4.3% to 1,387
• Pending Sales decreased 5.6% to 1,021
• Inventory decreased 2.3% to 12,397
For the month of September:
• Median Sales Price increased 6.1% to $262,000
• Days on Market decreased 16.0% to 42
• Percent of Original List Price Received increased 0.3% to 98.4
• Months Supply of Homes For Sale remained flat at 2.6