Weekly Housing Market Activity Report
For Week Ending November 17, 2018
Publish Date: November 26, 2018 • All comparisons are to 2017
booming economy. Housing affordability remains a concern and is beginning to
affect new single-family home construction. Builders are showing caution in the
face of rising home prices and mortgage rates. Historically, housing can still be
considered relatively affordable, but affordability measures have shown decline for
several years. If this continues, it could negate recent gains in inventory.
In the Twin Cities region, for the week ending November 17:
• New Listings increased 6.7% to 955
• Pending Sales decreased 7.0% to 891
• Inventory increased 0.9% to 11,273
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