Weekly Market Activity Report For Week Ending May 11, 2019 Tags: Market DataWeekly Market Activity Reports

For Week Ending May 11, 2019

There is no such thing as a national real estate market. When the median sales price of homes for sale in San Francisco ($1.6 million) are compared to the median annual household income in Youngstown, Ohio ($26,295), it is especially evident. National news outlets will report on housing stories as though one size fits all, but this is particularly untrue in 2019 – not only in terms of home pricing compared to income, but with trends in new listings and pending sales.

In the Twin Cities region, for the week ending May 11:

• New Listings decreased 1.7% to 2,044
• Pending Sales decreased .1% to 1,531
• Inventory increased 1.5% to 10,245

For the month of April:

• Median Sales Price increased 5.2% to $281,000
• Days on Market increased 5.7% to 56
• Percent of Original List Price Received decreased 0.5% to 99.4%
• Months Supply of Homes For Sale increased 5.0% to 2.1