Monday, April 3, 2017

Weekly Market Activity Report For Week Ending March 25, 2017

During the first quarter of 2017, housing affordability has clearly become an issue
for some buyers, as prices continue to rise amidst strong demand. Even so,
pending sales figures have generally remained positive across the nation. A better
balance between high-price inventory and starter homes being sold would be the
most beneficial situation for the marketplace.

In the Twin Cities region, for the week ending March 25:
• New Listings increased 6.3% to 1,584
• Pending Sales decreased 4.9% to 1,292
• Inventory decreased 23.0% to 9,874

For the month of February:
• Median Sales Price increased 7.6% to $223,000
• Days on Market decreased 14.6% to 82
• Percent of Original List Price Received increased 1.4% to 96.5%
• Months Supply of Homes For Sale decreased 28.0% to 1.8

Publish Date: April 3, 2017 • All comparisons are to 2016

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