Weekly Housing Market Activity Report
For Week Ending November 3, 2018
Publish Date: November 12, 2018 • All comparisons are to 2017
years, reaching 4.94 percent. Last year at this time, the average rate was 3.90
percent. The higher rates are causing a slowdown in home price growth in some
markets, but not all markets yet. Keeping a positive perspective, average rates were
5.97 percent ten years ago at this time, 6.78 percent 20 years ago and 10.39
percent 30 years ago. For maximum comparative impact, consider the 17.21
percent average rate of November 1981.
In the Twin Cities region, for the week ending November 3:
• New Listings increased 9.7% to 1,115
• Pending Sales decreased 16.5% to 943
• Inventory decreased 1.1% to 12,095
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