The Fannie Mae Home Purchase Sentiment Index increased by 3.2 points to 72.6 in June, the highest level in more than two years. An increasing share of consumers indicated feeling more optimistic about buying and selling a home this month, as well as having a greater sense of job security, with 79% expressing confidence in their job stability, up from 75% the month before.
In the Twin Cities region, for the week ending July 20:
• New Listings increased 6.3% to 1,5004
• Pending Sales decreased 8.4% to 35
• Inventory increased 11.2% to 9,224
For the month of June:
• Median Sales Price increased 1.8% to $390,000
• Days on Market increased 9.7% to 34
• Percent of Original List Price Received decreased 1.2% to 100.1%
• Months Supply of Homes For Sale increased 14.3% to 2.4