Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending October 26, 2019 Quick Facts
Publish Date: November 4, 2019 • All comparisons are to 2018

nationwide decreased slightly to a seasonally adjusted rate of 701,000 units, which
is 15.5% higher than a year ago. Also in the announcement was news that the
median sales price of new construction homes declined to $299,440 nationally,
down 8% from a year ago. This decline was due to an increase in the availability of
new homes at lower price points and is a welcomed change in what has been an
underserved segment of the market.
In the Twin Cities region, for the week ending October 26:
• New Listings decreased 0.4% to 1,239
• Pending Sales increased 9.1% to 1,094
• Inventory decreased 4.9% to 12,212
For the month of September:
• Median Sales Price increased 6.8% to $279,700
• 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