Weekly Market Activity Report For Week Ending October 21, 2017

The level of real estate activity should subside each week for the remainder of the
year. Savvy real estate professionals not only begin to plan now for another
successful year next year, but they continue to track the trends to see where prices,
listings and other metrics are at relative to last year and all past years of available
data. Finding reliable patterns in the trends is a sure way to be of greater service to
buyers and sellers. Let's see where those trends are in our local market.

In the Twin Cities region, for the week ending October 21:
 • New Listings increased 10.5% to 1,329
 • Pending Sales decreased 4.4% to 1,016
 • Inventory decreased 17.7% to 12,042

For the month of September:
 • Median Sales Price increased 7.2% to $246,650
 • Days on Market decreased 12.3% to 50
 • Percent of Original List Price Received increased 0.6% to 98.1%
 • Months Supply of Homes For Sale decreased 16.7% to 2.5

Publish Date: October 30, 2017 • All comparisons are to 2016
Information gathered from MAAR