Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending August 3, 2019
Publish Date: August 12, 2019 • All comparisons are to 2018

regional real estate indicators are sending mixed signals. For the first time in
seventeen months, July pending sales saw moderate gains over the previous year
nationally. At the same time, home prices continue to be at or near record levels in
many markets as supply remains limited.
In the Twin Cities region, for the week ending August 3:
• New Listings increased 7.1% to 1,984
• Pending Sales decreased 1.0% to 1,341
• Inventory decreased 3.8% to 12,152
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 increased 4.0% to 2.6