Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending October 19, 2019 Quick Facts
Publish Date: October 28, 2019 • All comparisons are to 2018

9.4% month over month in September, that drop was focused on the apartment
and condo segment while single-family housing starts actually rose .3%.
Throughout much of the country, the continued low level of housing inventory is
constraining sales activity from where it would be in a balanced market. Active
inventory is in its normal seasonal decline, leaving buyers with fewer choices as we
move towards the end of the year.
In the Twin Cities region, for the week ending October 19:
• New Listings decreased 6.1% to 1,309
• Pending Sales increased 6.5% to 1,138
• Inventory decreased 3.7% to 12,440
For the month of September:
• Median Sales Price increased 6.6% to $279,250
• Days on Market increased 2.4% to 43
• Percent of Original List Price Received increased 0.1% to 98.5%
• Months Supply of Homes For Sale decreased 3.7% to 2.6