Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending May 25, 2019
Publish Date: June 3, 2019 • All comparisons are to 2018

business of real estate. Put arrow signs up on busy street corners; buy some
balloons; lay out flyers and snacks; welcome the stream of curious lookie-loos that
traipse through the home. Many REALTORS® skip this old-fashioned tactic these
days, focusing more on Internet marketing, but there are still a lot of arrow signs on
street corners this time of year.
In the Twin Cities region, for the week ending May 25:
• New Listings increased 1.2% to 1,839
• Pending Sales increased 6.3% to 1,558
• Inventory remained flat at 11,018
For the month of April:
• Median Sales Price increased 5.2% to $281,000
• Days on Market increased 7.5% to 57
• Percent of Original List Price Received decreased 0.5% to 99.4%
• Months Supply of Homes For Sale increased 5.0% to 2.1