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Weekly Market Report

For Week Ending April 1, 2017

Confidence in buying a home has fallen according to the Fannie Mae Home Purchase Sentiment Index after hitting an all-time index high in February. Continuing price increases and low inventory are easy answers for why the index fell. The good news is that an improved employment outlook and higher wages are major factors toward purchasing a home, and demand is not expected to abate.

In the Twin Cities region, for the week ending April 1:

  • New Listings decreased 3.9% to 1,874
  • Pending Sales decreased 5.2% to 1,303
  • Inventory decreased 21.7% to 10,003

For the month of February:

  • Median Sales Price increased 7.7% to $223,250
  • Days on Market decreased 14.6% to 82
  • Percent of Original List Price Received increased 1.4% to 96.5%
  • Months Supply of Inventory decreased 28.0% to 1.8

All comparisons are to 2016

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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