Real Estate
Weekly Housing Market Activity Report for the Twin Cities
Weekly Housing Market Activity Report for the Twin Cities
Weekly Housing Market Activity Report for the Twin Cities
For Week Ending May 18, 2019
Publish Date: May 28, 2019 • All comparisons are to 2018
foreboding kind that precedes a scary moment in a horror film or a major weather
event, but rather a sameness to the springs of the last few years. Prices are still
edging upwards and providing affordability challenges for many buyers. The
number of new listings and homes for sale are still not quite enough – though
improving – to meet current demand. And competition for desirable homes is still
fierce.
In the Twin Cities region, for the week ending May 18:
• New Listings decreased 5.9% to 2,147
• Pending Sales decreased 5.8% to 1,395
• Inventory increased 1.0% to 10,553
For the month of April:
• Median Sales Price increased 5.2% to $281,000
• Days on Market increased 5.7% to 56
• Percent of Original List Price Received decreased 0.5% to 99.4%
• Months Supply of Homes For Sale increased 5.0% to 2.1