Tuesday, June 21, 2016

Weekly Market Activity Report For Week Ending June 11, 2016

The pace of new homes being built is slower than necessary to keep inventory
figures up, especially in a time with plenty of demand. However, building permits
are active and low mortgage rates continue to provide opportunity for the
residential real estate market to continue to be a pillar of the national economic

In the Twin Cities region, for the week ending June 11:
• New Listings decreased 0.3 percent to 2,056
• Pending Sales decreased 7.1% to 1,370
• Inventory decreased 19.2% to 13,869

For the month of May:
• Median Sales Price increased 5.8% to $236,900
• Days on Market decreased 21.1% to 60
• Percent of Original List Price Received increased 1.1% to 98.6%
• Months Supply of Homes For Sale decreased 26.3% to 2.8

Publish Date: June 20, 2016 • All comparisons are to 2015

No comments: