continued decreases in inventory on a year-over-year basis. Although prices have
been rising steadily, we are only now beginning to reach pre-recession price levels
on a national basis, and that's not the rule for all homes and communities. If
demand stays strong, unemployment rates continue to dwindle and wages keep
consumer confidence high, the market should remain active and interesting.
In the Twin Cities region, for the week ending April 29:
• New Listings increased 0.1% to 1,873
• Pending Sales decreased 9.6% to 1,443
• Inventory decreased 19.8% to 10,901
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 8, 2017 • All comparisons are to 2016
Information from MAAR
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