REALTOR Summit 2020 Minneapolis Convention Center, Wednesday, April 29, 2020 Join us for our biggest event of the year! The REALTOR Summit has it all: engaging and high energy speakers, continuing education credits, great networking opportunities, and a fantastic vendor expo. Early Bird pricing ends on February 29.
collapse
News
Weekly Market Activity Report For Week Ending August 24, 2019 Tags: Market DataMarket ResearchWeekly Market Activity Reports

For Week Ending August 24, 2019

Lack of affordable inventory has been a key story in real estate in the last few years. There is a growing consensus suggesting the U.S. economy could be entering a recession, and some wonder whether this could lead to an adjustment in housing prices. However, this scenario is unlikely to make housing more affordable, as economic uncertainty is likely to discourage first-time home buyers and could make construction companies leary of building new homes.

In the Twin Cities region, for the week ending August 24:

• New Listings decreased 1.5% to 1,664
• Pending Sales increased 1.9% to 1,253
• Inventory decreased 3.9% to 12,501

For the month of July:

• Median Sales Price increased 5.8% to $283,420
• Days on Market remained flat at 38
• Percent of Original List Price Received decreased 0.1% to 99.7%
• Months Supply of Homes For Sale remained flat at 2.5

FULL REPORT