Weekly Market Activity Report
For Week Ending October 15, 2016
Publish Date: October 24, 2016 • All comparisons are to 2015
Housing starts may have fallen for the second month in a row, but the cause
appears to be an abnormally large decline in the multifamily category. An increase
in single-family starts and building permits is a better indicator of a market reacting
positively to the prevailing inventory struggle.
In the Twin Cities region, for the week ending October 15:
• New Listings increased 5.0% to 1,364
• Pending Sales decreased 0.1% to 994
• Inventory decreased 16.2% to 13,795
For the month of September:
• Median Sales Price increased 3.6% to $230,000
• Days on Market decreased 13.8% to 56
• Percent of Original List Price Received increased 0.9% to 97.5%
• Months Supply of Homes For Sale decreased 20.0% to 2.8