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Inventory
Weekly Market Report
For Week Ending February 6, 2016
The typical winter humdrum has hit the U.S. real estate market, with the same trends from late January continuing into February. Fewer home choices means less competition for sellers, and buyers are still in the housing game with federal rate hikes not anticipated to deter home buying in 2016, as mortgage rates are expected to stay low.
In the Twin Cities region, for the week ending February 6:
- New Listings decreased 17.6% to 1,235
- Pending Sales increased 3.4% to 890
- Inventory decreased 21.0% to 10,257
For the month of January:
- Median Sales Price increased 10.3% to $215,000
- Days on Market decreased 15.8% to 85
- Percent of Original List Price Received increased 1.5% to 95.0%
- Months Supply of Inventory decreased 32.3% to 2.1
All comparisons are to 2015
Click here for the full Weekly Market Activity Report. From The Skinny Blog.
Mortgage Rates Near 2015 Low
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending January 30, 2016
At the close of January, we see the same market steadiness from last year continue into 2016. Higher home prices are predicted for the year, and there has been a continuing shortage of inventory. However, we should also see a strengthening labor market and further interest in purchasing a home by millennials, keeping things relatively unwavering and balanced.
In the Twin Cities region, for the week ending January 30:
- New Listings increased 0.7% to 1,017
- Pending Sales increased 0.2% to 873
- Inventory decreased 21.6% to 10,285
For the month of January:
- Median Sales Price increased 10.3% to $215,000
- Days on Market decreased 15.8% to 85
- Percent of Original List Price Received increased 1.5% to 95.0%
- Months Supply of Inventory decreased 32.3% to 2.1
All comparisons are to 2015
Click here for the full Weekly Market Activity Report. From The Skinny Blog.
Mortgage Rates Go Lower Again
New Listings and Pending Sales
Inventory
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