For Week Ending November 7, 2015

In a continually improving economy, what we might expect to happen is happening in the housing market. Sales and prices are generally up in year- over-year comparisons, and new listings are replenishing the market at a fairly steady clip. More sellers are still encouraged to enter the fray, as lower inventory continues to remain a point of some concern.

In the Twin Cities region, for the week ending November 7:

• New Listings increased 7.5% to 1,183
• Pending Sales increased 10.7% to 907
• Inventory decreased 16.2% to 14,850

For the month of October:

• Median Sales Price increased 4.4% to $217,000
• Days on Market decreased 2.8% to 70
• Percent of Original List Price Received increased 1.1% to 96.2%
• Months Supply of Inventory decreased 25.6% to 3.2

All comparisons are to 2014

Click here for the full Weekly Market Activity Report. From The Skinny Blog.

For Week Ending October 31, 2015

Softer September sales continue to be a stout topic for stats analysis. Rental prices are not so soft, however, and across many markets, rising prices are turning heads. More first-time homebuyers may jump at the chance to invest in their own homes. Much of the evidence still points to recovering market health.

In the Twin Cities region, for the week ending October 31:

• New Listings increased 1.9% to 1,096
• Pending Sales increased 0.6% to 933
• Inventory decreased 16.2% to 15,440

For the month of October:

• Median Sales Price increased 4.9% to $218,000
• Days on Market decreased 2.8% to 70
• Percent of Original List Price Received increased 1.1% to 96.2%
• Months Supply of Inventory decreased 25.6% to 3.2

All comparisons are to 2014

Click here for the full Weekly Market Activity Report. From The Skinny Blog.