Weekly Market Activity Report For Week Ending April 22, 2017

It is a lucrative time to sell a home, and it would appear that it will remain that way
for the time being. Houses that show well and are priced correctly have been selling
quickly, often at higher prices than asking. Thus far, buyers are proving to be
resilient in 2017, keeping the home-purchasing momentum up even amidst the
mounting competition that comes with the annual spring market.

In the Twin Cities region, for the week ending April 22:
• New Listings increased 4.7% to 2,037
• Pending Sales decreased 9.8% to 1,409
• Inventory decreased 21.5% to 10,625

For the month of March:
• Median Sales Price increased 6.9% to $237,400
• Days on Market decreased 15.3% to 72
• Percent of Original List Price Received increased 1.3% to 98.1%
• Months Supply of Homes For Sale decreased 19.2% to 2.1

Publish Date: May 1, 2017 • All comparisons are to 2016

Information gathered from MAAR