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New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending March 19, 2016
Heading into the spring buying season, consumers are, on average, earning higher incomes than in recent years, and there is greater trust in job security compared to last year. While these factors heighten confidence in the health of the housing market, home buyers – and especially first timers – would benefit from more inventory and slow price increases.
In the Twin Cities region, for the week ending March 19:
- New Listings decreased 3.1% to 1,762
- Pending Sales increased 6.0% to 1,288
- Inventory decreased 17.8% to 11,959
For the month of February:
- Median Sales Price increased 3.5% to $207,083
- Days on Market decreased 9.4% to 96
- Percent of Original List Price Received increased 1.1% to 95.2%
- Months Supply of Inventory decreased 25.0% to 2.4
All comparisons are to 2015
Click here for the full Weekly Market Activity Report. From The Skinny Blog.
Mortgage Rates Turn Down
March Monthly Skinny Video
Existing Home Sales
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending March 12, 2016
A fresh eagerness in the warming air combined with relatively affordable prices have buyers perusing and plucking homes like spring flowers, resulting in healthy sales activity. With gas prices remaining fairly low, consumers have full tanks to visit more homes. So fluff those decorative pillows and set out the cookies for your open houses: the buyers are coming and appear to be ready to bid.
In the Twin Cities region, for the week ending March 12:
- New Listings increased 1.8% to 1,796
- Pending Sales increased 22.8% to 1,262
- Inventory decreased 17.6% to 11,704
For the month of February:
- Median Sales Price increased 3.6% to $207,280
- Days on Market decreased 9.4% to 96
- Percent of Original List Price Received increased 1.1% to 95.2%
- Months Supply of Inventory decreased 28.1% to 2.3
All comparisons are to 2015
Click here for the full Weekly Market Activity Report. From The Skinny Blog.
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