Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending November 9, 2019 Quick Facts
Publish Date: November 18, 2019 • All comparisons are to 2018
With the stock market reaching record highs, continued low unemployment, andlow mortgage rates, many signs in the US economy remain strong. However, total
household debt has been rising for twenty-one consecutive quarters and is now
$1.3 trillion higher than the previous peak of $12.68 trillion in 2008. While
delinquency rates remain low across most debt types, including mortgages, higher
consumer debt loads can limit future household spending capability and increase
risk if the economy slows down.
In the Twin Cities region, for the week ending November 9:
• New Listings increased 6.3% to 1,094
• Pending Sales increased 1.6% to 992
• Inventory decreased 5.9% to 11,463
For the month of October:
• Median Sales Price increased 5.7% to $280,000
• Days on Market decreased 4.2% to 46
• Percent of Original List Price Received increased 0.1% to 98.1%
• Months Supply of Homes For Sale decreased 4.0% to 2.4
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