Weekly Market Report

For Week Ending October 27, 2018

Real estate professionals from around the globe recently gathered in Boston to network, teach, learn and share at the National Association of REALTORSĀ® Conference and Expo. It is an annual tradition that has been going strong since 1908. An organized real estate industry is a healthy one that can have a positive effect on real estate transactions and beyond. The relative market balance being experienced across the nation can’t entirely be attributed to REALTORĀ® cooperation, but it certainly doesn’t hurt.

In the Twin Cities region, for the week ending October 27:

  • New Listings increased 15.0% to 1,239
  • Pending Sales decreased 9.1% to 941
  • Inventory decreased 1.4% to 12,374

For the month of September:

  • Median Sales Price increased 6.1% to $262,000
  • Days on Market decreased 16.0% to 42
  • Percent of Original List Price Received increased 0.3% to 98.4%
  • Months Supply of Inventory remained flat at 2.6

All comparisons are to 2017

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