Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending April 6, 2019
Publish Date: April 15, 2019 • All comparisons are to 2018

launching residential real estate into the springtime selling season. Much has been
said and written about the slow launch of new homes for sale in what was
anticipated to be a year of rising inventory. Mother Nature has had different plans
so far in several markets, adding another burst of winter weather in April that may
spoil an otherwise promising start to the second quarter of 2019.
In the Twin Cities region, for the week ending April 6:
• New Listings decreased 3.4% to 1,883
• Pending Sales decreased 6.1% to 1,208
• Inventory decreased 2.2% to 8,797
For the month of March:
• Median Sales Price increased 6.5% to $275,000
• Days on Market increased 15.8% to 66
• Percent of Original List Price Received decreased 0.5% to 98.6%
• Months Supply of Homes For Sale remained flat at 1.8