Weekly Market Activity Report For Week Ending June 3, 2017

Whether or not new listings or total sales are up or down in week-to-week
measures, there are two universal truths in residential real estate across the country
at the moment: the market is quite active, and, thus, overall inventory is still
trending downward compared to last year. That will likely be the case for the
entirety of 2017, especially at the pace that homes are coming off the market.

In the Twin Cities region, for the week ending June 3:
 • New Listings decreased 2.2% to 1,971
 • Pending Sales increased 2.4% to 1,306
 • Inventory decreased 16.0% to 11,870

For the month of April:
 • Median Sales Price increased 6.3% to $245,500
 • Days on Market decreased 20.5% to 58
 • Percent of Original List Price Received increased 1.2% to 99.2%
 • Months Supply of Homes For Sale decreased 17.9% to 2.3

Publish Date: June 12, 2017 • All comparisons are to 2016
Information from MAAR