Monday, December 12, 2016

Weekly Market Activity Report For Week Ending December 3, 2016

This has proven to be a steady year for buying and selling activity in the residential
real estate market. Although inventory declined and prices increased throughout the
year, it has been a rather strong year, and many are predicting that 2017 will remain
about the same as long as inventory remains somewhat steady, unemployment
rates continue to fall and mortgage rates remain low.

In the Twin Cities region, for the week ending December 3:

 • New Listings decreased 14.7% to 747
 • Pending Sales increased 1.7% to 900
 • Inventory decreased 19.9% to 11,099

For the month of November:

 • Median Sales Price increased 5.7% to $231,750
 • Days on Market decreased 16.4% to 61
 • Percent of Original List Price Received increased 0.8% to 96.7%
 • Months Supply of Homes For Sale decreased 27.6% to 2.1

Publish Date: December 12, 2016 • All comparisons are to 2015

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