Weekly Market Activity Report For Week Ending July 20, 2019 Tags: Weekly Market Activity Reports

For Week Ending July 20, 2019

Residential real estate markets across the nation have been performing quite well at this point in the year in terms of home sales, price and inventory. Although not always true at every price point and home type in every geography, the general rule of thumb in 2019 as we stretch beyond the halfway point of the year has been a trend of relative market balance, which is a great thing for both real estate professionals and consumers.

In the Twin Cities region, for the week ending July 20:

• New Listings decreased 2.4% to 1,883
• Pending Sales decreased 3.6% to 1,342
• Inventory decreased 2.8% to 12,005

For the month of June:

• Median Sales Price increased 7.2% to $290,000
• Days on Market increased 2.5% to 41
• Percent of Original List Price Received decreased 0.3% to 100.0%
• Months Supply of Homes For Sale increased 4.0% to 2.6