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 December 28, 2019 Tags: Market DataMarket ResearchWeekly Market Activity Reports

Data from the Census Bureau’s Survey of Construction (SOC) and the NationalAssociation of Home Builders shows that 62.5 percent of all new construction homes started in 2018 were built as part of a community or homeowner’s association, up from 47.6% in 2009. These associations are typically created when the developments are built to maintain common areas of the developments and to enforce private deed restrictions, which often detail requirements for the exterior appearance and upkeep of properties.

In the Twin Cities region, for the week ending December 28:

• New Listings decreased 15.6% to 259
• Pending Sales decreased 3.7% to 495
• Inventory decreased 14.0% to 8,354

For the month of November:

• Median Sales Price increased 5.6% to $279,900
• Days on Market decreased 1.9% to 51
• Percent of Original List Price Received increased 0.2% to 97.5%
• Months Supply of Homes For Sale decreased 4.5% to 2.1

FULL REPORT