For Week Ending November 25, 2017

From week to week, the tallies may vary slightly from the week prior in year-over-year comparisons, whether with a strong positive surge or a lingering negative streak. Tracking weekly figures is important for active real estate professionals, but the cooldown period of a meaningful real estate trend often takes weeks, if not months, to draw determined conclusions.

In the Twin Cities region, for the week ending November 25:

• New Listings decreased 11.9% to 450
• Pending Sales increased 12.7% to 702
• Inventory decreased 21.7% to 9,878

For the month of October:

• Median Sales Price increased 6.1% to $244,000
• Days on Market decreased 14.8% to 52
• Percent of Original List Price Received increased 0.8% to 97.7%
• Months Supply of Inventory decreased 14.8% to 2.3

All comparisons are to 2016

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