Weekly Housing Market Activity Report
For Week Ending January 13, 2018
Publish Date: January 22, 2018 • All comparisons are to 2017
At the beginning of a calendar year, it is often common for home buyers and sellers
to become immediately more active. Call it the result of a resolution or the promise
of something new, but it is a noted phenomenon across the country. It's really too
early to say if the trend will continue in 2018, but the first weeks of the year have
not necessarily shown a huge jolt in activity so much as the last weeks of 2017
were quieter than usual.
In the Twin Cities region, for the week ending January 13:
• New Listings decreased 5.4% to 892
• Pending Sales decreased 13.0% to 577
• Inventory decreased 26.9% to 6,918
For the month of December:
• Median Sales Price increased 9.7% to $248,000
• Days on Market decreased 15.3% to 61
• Percent of Original List Price Received increased 1.3% to 97.1%
• Months Supply of Homes For Sale decreased 26.3% to 1.4