Weekly Housing Market Activity Report
For Week Ending January 27, 2018
Publish Date: February 5, 2018 • All comparisons are to 2017
each calendar year, as consumers steel their collective resolve to do what they
deem is next toward achieving their goals. It is the housing industry's equivalent to
resolving to eat better, go to the gym more, quit smoking, etc. Except in 2018 so
far, we are not yet seeing that extra bump in activity. For the most part, the trends
have been blind to calendar dynamics.
In the Twin Cities region, for the week ending January 27:
• New Listings decreased 13.2% to 881
• Pending Sales decreased 11.1% to 722
• Inventory decreased 25.3% to 7,080
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