Weekly Market Activity Report For Week Ending January 7, 2017

If predictions hold true – a continuing inventory crunch, moderate price gains,
higher mortgage rates – 2017 will likely be in favor of the seller. On the other end of
the spectrum, deals may be harder to come by if the largest potential group of
buyers, the millennials, do not start wading into the buying pool with more fervor.

In the Twin Cities region, for the week ending January 7:
 • New Listings decreased 15.1% to 969
 • Pending Sales decreased 21.1% to 555
 • Inventory decreased 25.5% to 8,298

For the month of November:
 • Median Sales Price increased 4.1% to $228,500
 • Days on Market decreased 10.1% to 71
 • Percent of Original List Price Received increased 0.6% to 96.0%
 • Months Supply of Homes For Sale decreased 26.1% to 1.7

Publish Date: January 16, 2017 • All comparisons are to 2016