really been a surprise. There have not been any jolting changes in the economy that
would affect residential real estate. This includes steady news for factors such as
wage growth, unemployment, new construction and mortgage rates. Every locality
has its unique challenges, but housing as a whole is performing as expected.
In the Twin Cities region, for the week ending August 12:
• New Listings increased 1.2% to 1,668
• Pending Sales decreased 8.0% to 1,195
• Inventory decreased 17.1% to 12,576
For the month of July:
• Median Sales Price increased 5.9% to $254,000
• Days on Market decreased 16.7% to 45
• Percent of Original List Price Received increased 0.8% to 99.2%
• Months Supply of Homes For Sale decreased 19.4% to 2.5
Publish Date: August 21, 2017 • All comparisons are to 2016
Information gathered from MAAR
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