Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending September 7, 2019
Publish Date: September 16, 2019 • All comparisons are to 2018

system, including the re-privatization of Fannie Mae and Freddie Mac and reforms
to federal agencies involved with financing substantial portions of the mortgages
made every year. These changes will affect the cost and availability of loans in the
future. Many recommendations will require legislative approval, so it is unclear at
this time how much of the plan may eventually be implemented and its ultimate
impact on the housing market.
In the Twin Cities region, for the week ending September 7:
• New Listings decreased 3.8% to 1,691
• Pending Sales increased 5.3% to 1,113
• Inventory decreased 4.5% to 12,224
For the month of August:
• Median Sales Price increased 6.7% to $286,000
• Days on Market increased 2.5% to 41
• Percent of Original List Price Received decreased 0.2% to 99.0%
• Months Supply of Homes For Sale decreased 3.8% to 2.5