Tuesday, August 9, 2016

Weekly Market Activity Report For Week Ending July 30, 2016

It's only August, but this time during summer usually means making plans for
changes ahead, especially the start of a new school year. For potential home buyers
with school-aged children, these are the pivotal days for deciding whether or not to
purchase or wait. With inventory as low as it is, we are in a place where big moves
will be made or saved for later, and sales figures will reflect as much.

In the Twin Cities region, for the week ending July 30:
 • New Listings increased 3.3% to 1,723
 • Pending Sales decreased 4.6% to 1,289
 • Inventory decreased 18.0% to 14,588

For the month of July:
 • Median Sales Price increased 6.6% to $239,900
 • Days on Market decreased 15.9% to 53
 • Percent of Original List Price Received increased 0.8% to 98.4%
 • Months Supply of Homes For Sale decreased 23.7% to 2.9

Publish Date: August 8, 2016 • All comparisons are to 2015

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