That time of year is here for some and on its way for others: School. The summer's
fun is winding down. Perceived as good for some weary parents, bad for some
summer-loving kids and standard fare for real estate professionals that know
August as a quiet identifier of the expectation of housing market slowdown. That
said, home sales and housing prices have both continued to edge up across the
country on a macro level compared to last year's numbers. Let's take a look at the
local trends.
In the Twin Cities region, for the week ending August 8:
• New Listings decreased 2.8% to 1,746
• Pending Sales increased 13.5% to 1,293
• Inventory decreased 11.0% to 17,038
For the month of July:
• Median Sales Price increased 4.7% to $225,000
• Days on Market decreased 7.4% to 63
• Percent of Original List Price Received increased 0.8% to 97.6%
• Months Supply of Inventory decreased 19.6% to 3.7
Source: Minneapolis Area Association of Realtors
No comments:
Post a Comment