Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending July 20, 2019
Publish Date: July 29, 2019 • All comparisons are to 2018

this point in the year in terms of home sales, price and inventory. Although not
always true at every price point and home type in every geography, the general rule
of thumb in 2019 as we stretch beyond the halfway point of the year has been a
trend of relative market balance, which is a great thing for both real estate
professionals and consumers.
In the Twin Cities region, for the week ending July 20:
• New Listings decreased 2.4% to 1,883
• Pending Sales decreased 3.6% to 1,342
• Inventory decreased 2.8% to 12,005
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 increased 4.0% to 2.6