Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending April 13, 2019
Publish Date: April 22, 2019 • All comparisons are to 2018

Housing activity is on the upswing after a slow start to the year. Showings, new
listings and pending sales are increasing across much of the country, and inventory
is straining to keep pace with demand. These pivotal weeks of the spring market
are worth watching with extra care, as they may portend the entirety of the 2019
residential real estate market. Buyers are certainly active. Sales and prices will be
strong if there are enough options to choose from.
In the Twin Cities region, for the week ending April 13:
• New Listings increased 1.8% to 1,689
• Pending Sales decreased 6.0% to 1,228
• Inventory decreased 2.0% to 9,223
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 increased 5.6% to 1.9