MAR has suspended in-person classes, meetings and events through Dec. 31, 2020. Current MAR office hours: VIRTUAL (phone, email) 8:00 a.m.–4:30 p.m. Mon–Fri, NO CONTACT (online purchase pick-up) 9:00 a.m.–1:00 p.m. Thursdays. MAR WILL BE CLOSED FRIDAY, JULY 3 in observance of the Fourth of July.
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Weekly Market Activity Report for Week Ending June 20 Tags: Market DataWeekly Market Activity Reports

Housing stats in May rose 4.3% to an annual rate of 974,000, its first increase since January and up from a five-year low of 934,000 in April. The increase was less than expected by economists but builder permits were up 14.4% for the month to 1.22 million annually, signaling higher housing starts are likely in the near future.

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

• New Listings decreased 16.4% to 1,728
• Pending Sales increased 3.4% to 1,594
• Inventory decreased 22.8% to 9,871

For the month of May:

• Median Sales Price increased 3.5% to $294,900
• Days on Market decreased 8.9% to 41
• Percent of Original List Price Received decreased 0.4% to 99.6%
• Months Supply of Homes For Sale decreased 16.0% to 2.1

FULL REPORT