year. That does not necessarily equate to less competition for available housing
stock. While total sales and inventory may be lower than at points earlier in the year,
those still looking for homes tend to match up with those willing to list. Call it a
back-to-school effect or call it an active and healthy residential real estate market
no matter the season.
In the Twin Cities region, for the week ending July 15:
• New Listings increased 2.2% to 1,936
• Pending Sales decreased 3.9% to 1,371
• Inventory decreased 17.7% to 12,362
For the month of June:
• Median Sales Price increased 7.0% to $259,000
• Days on Market decreased 16.1% to 47
• Percent of Original List Price Received increased 0.8% to 99.5%
• Months Supply of Homes For Sale decreased 16.7% to 2.5
Publish Date: July 24, 2017 • All comparisons are to 2016
Information gathered from MAAR
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