Weekly Housing Market Activity Report
For Week Ending October 27, 2018
Publish Date: November 5, 2018 • All comparisons are to 2017
Real estate professionals from around the globe recently gathered in Boston to
network, teach, learn and share at the National Association of REALTORS®
Conference and Expo. It is an annual tradition that has been going strong since
1908. An organized real estate industry is a healthy one that can have a positive
effect on real estate transactions and beyond. The relative market balance being
experienced across the nation can't entirely be attributed to REALTOR®
cooperation, but it certainly doesn't hurt.
In the Twin Cities region, for the week ending October 27:
• New Listings increased 15.0% to 1,239
• Pending Sales decreased 9.1% to 941
• Inventory decreased 1.4% to 12,374
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