Tuesday, September 29, 2015

Weekly Market Update: September 28, 2015

All roads continue to point to normal as fall is upon us. Nary a warning bell has sounded about anything beyond the typical seasonal drop-off. From the mouths of market-analyzing pundits, we are in the midst of one of the best housing markets in the last 15 years. This, of course, makes for a great autumn, along with pumpkin spiced lattes and cinnamon apple spiced tea, of course.

In the Twin Cities region, for the week ending September 19:

 • New Listings decreased 0.4% to 1,613
 • Pending Sales increased 18.0% to 1,090
 • Inventory decreased 13.8% to 16,606

For the month of August:

 • Median Sales Price increased 2.7% to $224,900
 • Days on Market decreased 5.9% to 64
 • Percent of Original List Price Received increased 0.8% to 97.1%
 • Months Supply of Inventory decreased 21.7% to 3.6

Source:  Minneapolis Area Association of Realtors

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