For Week Ending December 10, 2016

Housing starts have fallen from last month’s nine-year high, but the onset of the winter season has to be a strong consideration for the reason behind the month- over-month slowdown. The fact remains that homebuilder confidence has reached its highest point in more than ten years, and the housing market is rounding out the year in a rather solid position.

In the Twin Cities region, for the week ending December 10:

• New Listings increased 1.5% to 725
• Pending Sales increased at 745
• Inventory decreased 22.1% to 10,422

For the month of November:

• Median Sales Price increased 5.5% to $231,400
• Days on Market decreased 15.1% to 62
• Percent of Original List Price Received increased 0.8% to 96.7%
• Months Supply of Inventory decreased 24.1% to 2.2

All comparisons are to 2015

Click here for the full Weekly Market Activity Report. From The Skinny Blog.