Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending June 1, 2019
Publish Date: June 10, 2019 • All comparisons are to 2018

crabgrass, pending sales have been performing well, and new listings are generally
keeping up with demand in a manner that is propelling the housing industry forward
into weed-free pastures. The Federal Reserve considers 2.0% a healthy inflation
rate, but the U.S. is expected to remain below that in 2019, which could prompt as
many as three rate cuts this year. In turn, that could boost housing further.
Excelsior!
In the Twin Cities region, for the week ending June 1:
• New Listings decreased 2.4% to 1,907
• Pending Sales decreased 10.1% to 1,328
• Inventory decreased 0.5% to 11,135
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