Weekly Market Activity Report For Week Ending January 13, 2018

At the beginning of a calendar year, it is often common for home buyers and sellers to become immediately more active. Call it the result of a resolution or the promise of something new, but it is a noted phenomenon across the country. It's really too early to say if the trend will continue in 2018, but the first weeks of the year have not necessarily shown a huge jolt in activity so much as the last weeks of 2017 were quieter than usual.

In the Twin Cities region, for the week ending January 13:
 • New Listings decreased 5.4% to 892
 • Pending Sales decreased 13.0% to 577
 • Inventory decreased 26.9% to 6,918

For the month of December:
 • Median Sales Price increased 9.7% to $248,000
 • Days on Market decreased 15.3% to 61
 • Percent of Original List Price Received increased 1.3% to 97.1%
 • Months Supply of Homes For Sale decreased 26.3% to 1.4


Publish Date: January 22, 2018 • All comparisons are to 2017