Weekly Housing Market Activity Report
For Week Ending February 3, 2018
Publish Date: February 12, 2018 • All comparisons are to 2017
now, there is plenty of excitement about the promise presented within strong
economic conditions and an active real estate market. Buyers are taking fresh
listings that show well off the market in short order, and it is evident that the lack of
inventory is driving prices up and market time down.
In the Twin Cities region, for the week ending February 3:
• New Listings decreased 24.2% to 1,000
• Pending Sales decreased 19.3% to 767
• Inventory decreased 25.0% 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