Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending March 2, 2019
Publish Date: March 11, 2019 • All comparisons are to 2018

considerably persistent wintry mix in the Great Plains, Midwest and Northeast.
While this time of year brings unpleasant weather to all parts of the country, it has
less impact on southern and western states. While there is no true national real
estate market, overarching trends continue to be higher prices and more inventory,
especially west of the Rocky Mountains. Let's look more closely at what is
happening locally.
In the Twin Cities region, for the week ending March 2:
• New Listings decreased 20.0% to 1,257
• Pending Sales decreased 13.3% to 923
• Inventory decreased 5.5% to 8,009
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