Weekly Housing Market Activity Report
For Week Ending December 22, 2018
Publish Date: December 31, 2018 • All comparisons are to 2017
The last few weeks of the year provide an opportunity for buyers, sellers and real
estate practitioners alike to spend time with the family and friends that make
owning a home that much more special. It also provides a time to plan for the
potential for marginal increases in average household wages, median sales prices
for homes, mortgage rates and total available homes for sale in 2019.
In the Twin Cities region, for the week ending December 22:
• New Listings increased 11.1% to 469
• Pending Sales decreased 7.4% to 680
• Inventory increased at 9,053
For the month of November:
• Median Sales Price increased 8.2% to $265,000
• Days on Market decreased 7.1% to 52
• Percent of Original List Price Received decreased 0.1% to 97.3%
• Months Supply of Homes For Sale increased 10.5% to 2.1