Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending November 30, 2019
Publish Date: December 9, 2019 • All comparisons are to 2018

week. Real estate activity took a backseat to the preparation of meals and the
hosting of guests, where securing second helpings were more important than
securing second homes. As we enter the final weeks of 2019, there is strength and
optimism in the housing market, but at a pace that is muted due to the holiday
season. The relatively low levels of inventory coupled with continued strong buyer
activity are the common refrains across much of the country.
#TwinCitiesRealEstate

In the Twin Cities region, for the week ending November 30:

• New Listings decreased 43.6% to 501
• Pending Sales decreased 26.3% to 702
• Inventory decreased 6.6% to 10,461
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 0.2% to 98.1%
• Months Supply of Homes For Sale decreased 4.0% to 2.4