Weekly Housing Market Activity Report
For Week Ending January 20, 2018
Publish Date: January 29, 2018 • All comparisons are to 2017
homes, townhomes, condominiums and co-ops, were up 1.1 percent in 2017
compared to 2016 to 5.5 million sales, becoming the best year for sales in 11 years.
Overall, the housing market performed well in 2017 within a strong economy.
Homeowners made healthy price gains at sale, and distressed property sales have
returned to historically low marks.
In the Twin Cities region, for the week ending January 20:
• New Listings decreased 9.8% to 943
• Pending Sales decreased 5.7% to 726
• Inventory decreased 25.4% to 7,062
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