Wednesday, February 1, 2017

Weekly Market Activity Report For Week Ending January 21, 2017

The number of existing homes sold in 2016 was 5.4 million, which exceeded the
5.25 million sold in the previous year and is now the highest in a decade. Declining
inventory and affordability are both going to be closely surveyed this year, as a
continuation of those trends could negatively impact sales. For now, prices are still
running higher and days on market are still lower, both indicative of healthy

In the Twin Cities region, for the week ending January 21:

• New Listings increased 12.8% to 1,025
• Pending Sales increased 4.0% to 730
• Inventory decreased 25.3% to 8,379

For the month of December:

• Median Sales Price increased 3.9% to $228,000
• Days on Market decreased 10.1% to 71
• Percent of Original List Price Received increased 0.6% to 96.0%
• Months Supply of Homes For Sale decreased 26.1% to 1.7

Publish Date: January 30, 2017 • All comparisons are to 2016

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