For Week Ending March 2, 2019
Sales totals have been mixed across the nation and dependent on what has been a considerably persistent wintry mix in the Great Plains, Midwest and Northeast. While this time of year brings unpleasant weather to all parts of the country, it has less impact on southern and western states. While there is no true national real estate market, overarching trends continue to be higher prices and more inventory, especially west of the Rocky Mountains. Let’s look more closely at what is happening locally.
In the Twin Cities region, for the week ending March 2:
• New Listings decreased 20.0% to 1,257
• Pending Sales decreased 13.3% to 923
• Inventory decreased 5.5% to 8,009
For the month of January:
• Median Sales Price increased 6.1% to $259,000
• Days on Market decreased 5.8% to 65
• Percent of Original List Price Received increased 0.1% to 97.0%
• Months Supply of Homes For Sale increased 13.3% to 1.7