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Weekly Market Report

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.

Weekly Report

Marty Siegel REALTOR, CRS,GRI

Direct: 952.844.6156
Cell: 612.670.3839
E-mail: TCRealtor@aol.com
Coldwell Banker Realty
7550 France Ave. S
Edina, MN 55435
DAVID KAMPIC SIEGEL ENDOWMENT FUND INFORMATION
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All information deemed reliable but not guaranteed and should be independently verified.

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