Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending July 13, 2019
Publish Date: July 22, 2019 • All comparisons are to 2018

Every year during the week of Independence Day, real estate markets across the
country slow down as buyers, sellers and real estate professionals take some time
off during the height of summer to spend time with friends and family. This year
continued that tradition, except that new listings declined a little more and pending
sales rose a little more. This is of particular interest because that is the exact
dynamic that will keep prices on the rise.
In the Twin Cities region, for the week ending July 13:
• New Listings increased 0.5% to 2,227
• Pending Sales increased 0.3% to 1,470
• Inventory decreased 2.1% to 11,759
For the month of June:
• Median Sales Price increased 7.2% to $290,000
• Days on Market increased 2.5% to 41
• Percent of Original List Price Received decreased 0.3% to 100.0%
• Months Supply of Homes For Sale remained flat at 2.5