Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending July 6, 2019
Publish Date: July 15, 2019 • All comparisons are to 2018

true that there may not be as many homes for sale to choose from and that prices
are on the high end for the average first-time home buyer, there are considerations
for sellers as well. Such as, more markets are swinging toward the back side of
balance with fewer sales leading to some amount of downward price pressure from
a beleaguered buyer core that is becoming less willing to overreach.
In the Twin Cities region, for the week ending July 6:
• New Listings decreased 16.0% to 1,006
• Pending Sales increased 11.5% to 1,187
• Inventory increased to 12,074
For the month of June:
• Median Sales Price increased 7.2% to $290,000
• Days on Market increased 2.5% to 41
• Percent of Original List Price Received decreased 0.3% to 100.0%
• Months Supply of Homes For Sale remained flat at 2.5