For Week Ending October 24, 2015

Data analysis from September national numbers revealed that new home sales underperformed slightly from what was originally expected. Some say this indicates market cooling, but with October giving way to November, it means we will soon have another month of sales to prove or disprove naysayers.

In the Twin Cities region, for the week ending October 24:

• New Listings decreased 2.5% to 1,233
• Pending Sales increased 10.7% to 934
• Inventory decreased 15.7% to 15,650

For the month of September:

• Median Sales Price increased 8.1% to $221,650
• Days on Market decreased 8.5% to 65
• Percent of Original List Price Received increased 1.0% to 96.6%
• Months Supply of Inventory decreased 23.9% to 3.5

All comparisons are to 2014

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

For Week Ending October 17, 2015

Jobless claims have dropped once again, matching levels not seen since 1973. Housing sales have continued to perform well, which should not be a surprise to those active in the real estate industry. Good economic environments foster healthy housing, and persistent health should lead to a Federal Reserve rate hike before the year is over.

In the Twin Cities region, for the week ending October 17:

• New Listings decreased 0.2% to 1,301
• Pending Sales increased 9.8% to 1,001
• Inventory decreased 15.3% to 15,895

For the month of September:

• Median Sales Price increased 8.3% to $222,000
• Days on Market decreased 8.5% to 65
• Percent of Original List Price Received increased 1.0% to 96.6%
• Months Supply of Inventory decreased 26.1% to 3.4

All comparisons are to 2014

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