Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending August 31, 2019 Quick Facts
Publish Date: September 9, 2019 • All comparisons are to 2018

housing market, giving buyers a bit more buying power and a little more incentive to
lock in a home purchase. However, stock market volatility and concern of a wider
economic slowdown in the coming year may temper some buyer enthusiasm. But
as rents continue to rise, the value proposition of owning a home remains a
compelling option and a goal of most Americans.
In the Twin Cities region, for the week ending August 31:
• New Listings increased 4.9% to 1,359
• Pending Sales decreased 3.1% to 1,250
• Inventory decreased 4.4% to 12,498
For the month of July:
• Median Sales Price increased 5.9% to $283,900
• Days on Market remained flat at 38
• Percent of Original List Price Received decreased 0.1% to 99.7%
• Months Supply of Homes For Sale remained flat at 2.5