Housing starts have fallen from last month's nine-year high, but the onset of the
winter season has to be a strong consideration for the reason behind the monthover-month
slowdown. The fact remains that homebuilder confidence has reached
its highest point in more than ten years, and the housing market is rounding out the
year in a rather solid position.
In the Twin Cities region, for the week ending December 10:
• New Listings increased 1.5% to 725
• Pending Sales increased at 745
• Inventory decreased 22.1% to 10,422
For the month of November:
• Median Sales Price increased 5.5% to $231,400
• Days on Market decreased 15.1% to 62
• Percent of Original List Price Received increased 0.8% to 96.7%
• Months Supply of Homes For Sale decreased 24.1% to 2.2
Publish Date: December 19, 2016 • All comparisons are to 2015
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