Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending February 23, 2019
Publish Date: March 4, 2019 • All comparisons are to 2018

generational groups to account for the most new mortgages. Today, Millennials also
account for the most total dollar amount of those mortgages. Given the state of
ongoing median sales price increases in the majority of the country, this should not
come as a surprise. And given the positive state of the U.S. economy, finding the
correct balance between positive sales figures and sales prices will be a dominant
theme of 2019.
In the Twin Cities region, for the week ending February 23:
• New Listings decreased 25.0% to 949
• Pending Sales decreased 12.6% to 866
• Inventory decreased 3.0% to 8,093
For the month of January:
• Median Sales Price increased 6.1% to $259,000
• Days on Market decreased 5.8% to 65
• Percent of Original List Price Received increased 0.1% to 97.0%
• Months Supply of Homes For Sale increased 13.3% to 1.7