Weekly Market Report

For Week Ending December 23, 2017

As is usually the case this time of year, housing activity will slow down for a few weeks during the last of the 2017 holidays. Shrewd buyers and sellers will take advantage of this slower time of year to make meaningful deals, especially ahead of perceived or real changes that are due to take place in 2018 as regards taxes, mortgage rates, housing affordability and other factors.

In the Twin Cities region, for the week ending December 23:

  • New Listings increased 14.4% to 422
  • Pending Sales increased 8.0% to 702
  • Inventory decreased 23.8% to 8,120

For the month of November:

  • Median Sales Price increased 6.5% to $245,000
  • Days on Market decreased 11.1% to 56
  • Percent of Original List Price Received increased 0.8% to 97.4%
  • Months Supply of Inventory decreased 21.7% to 1.8

All comparisons are to 2016

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