anticipation of the school year. Although not every buyer or seller has children, it's
no secret that homeownership is a popular housing option for those with kids. In
bulk, this has historically been enough of a factor for turning down the summer's
market heat before lower temperatures take hold.
In the Twin Cities region, for the week ending August 5:
• New Listings decreased 0.5% to 1,787
• Pending Sales decreased 3.6% to 1,285
• Inventory decreased 16.9% to 12,541
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 13.3% to 2.6
Publish Date: August 14, 2017 • All comparisons are to 2016
Information Gathered From MAAR
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