Monday, February 27, 2017

Weekly Market Activity Report For Week Ending February 18, 2017

In much of the country, both new and existing home sales increased in January. At
the same time, prices continue to rise in year-over-year comparisons, and the
number of homes available for sale remains quite low. The low inventory situation
and affordability crunch is particularly hard on first-time buyers, leaving some
properties available for landlord buyers with more available funds for investment.

In the Twin Cities region, for the week ending February 18:

 • New Listings decreased 6.5% to 1,334
 • Pending Sales increased 11.1% to 989
 • Inventory decreased 23.8% to 8,751

For the month of January:

 • Median Sales Price increased 4.7% to $225,000
 • Days on Market decreased 7.1% to 79
 • Percent of Original List Price Received increased 0.9% to 95.9%
 • Months Supply of Homes For Sale decreased 26.1% to 1.7

Publish Date: February 27, 2017 • All comparisons are to 2016

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