Weekly Housing Market Activity Report
For Week Ending December 29, 2018
Publish Date: January 7, 2019 • All comparisons are to 2017
added 2.64 million jobs in 2018 – the best year since 2015 – as well as 312,000 jobs
during December. In addition, average hourly earnings increased 3.2 percent,
matching the October 2018 percentage that marked a nearly ten-year high. The
unemployment rate rose to 3.9 percent from 3.7 percent but is still historically low.
These combined events give the impression of an economy that remains ultimately
optimistic but is also recalibrating.
In the Twin Cities region, for the week ending December 29:
• New Listings increased 22.2% to 297
• Pending Sales increased 11.5% to 514
• Inventory increased 0.2% to 8,608
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