Weekly Housing Market Activity Report
For Week Ending November 10, 2018
Publish Date: November 19, 2018 • All comparisons are to 2017
October 2018 remained unchanged from the prior month at 3.7 percent. Low
unemployment has been one of many positive outcomes during a strong U.S.
economy. Real estate has also been a benefactor of recent economic strength, as
cranes dot U.S. skylines and median sales prices have increased in most residential
real estate markets for several years. Gainful employment is important in order for
these conditions to continue.
In the Twin Cities region, for the week ending November 10:
• New Listings increased 9.4% to 1,012
• Pending Sales decreased 6.1% to 949
• Inventory increased 0.8% to 11,649
For the month of October:
• Median Sales Price increased 8.6% to $265,000
• Days on Market decreased 7.7% to 48
• Percent of Original List Price Received increased 0.2% to 97.9%
• Months Supply of Homes For Sale remained flat at 2.4