Wednesday, September 28, 2016

Weekly Market Activity Report For Week Ending September 17, 2016

As temperatures start to cool throughout the country, the total number of home
sales will cool as well, as is the seasonal nature of the housing market. But with
household incomes on the rise within a healthy job market, that doesn't necessarily
equate to a downward year-over-year trend. Continuing supply restrictions will
certainly have an effect on numbers that may otherwise obviously point toward
sunny day real estate.

In the Twin Cities region, for the week ending September 17:
 • New Listings decreased 0.9% to 1,603
 • Pending Sales decreased 1.5% to 1,079
 • Inventory decreased 17.3% to 14,177

For the month of August:
 • Median Sales Price increased 5.6% to $237,500
 • Days on Market decreased 14.1% to 55
 • Percent of Original List Price Received increased 0.8% to 97.9%
 • Months Supply of Homes For Sale decreased 21.6% to 2.9

Publish Date: September 26, 2016 • All comparisons are to 2015

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