Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending March 9, 2019
Publish Date: March 18, 2019 • All comparisons are to 2018

in many markets across the U.S., and they are mostly trailing activity for last year,
which was already rather low. Sales have also been slower than last year at this
time in areas with lingering winter weather, but the thaw is on. That may present a
new set of difficulties for communities that have experienced an abundance of rain
and snow over the last few months.
In the Twin Cities region, for the week ending March 9:
• New Listings decreased 8.6% to 1,304
• Pending Sales decreased 16.2% to 917
• Inventory decreased 6.2% to 8,117
For the month of February:
• Median Sales Price increased 6.2% to $265,500
• Days on Market remained flat at 69
• Percent of Original List Price Received decreased 0.3% to 97.7%
• Months Supply of Homes For Sale remained flat at 1.7