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Weekly Market Report

For Week Ending January 20, 2018

Existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, were up 1.1 percent in 2017 compared to 2016 to 5.5 million sales, becoming the best year for sales in 11 years. Overall, the housing market performed well in 2017 within a strong economy. Homeowners made healthy price gains at sale, and distressed property sales have returned to historically low marks.

In the Twin Cities region, for the week ending January 20:

  • New Listings decreased 9.8% to 943
  • Pending Sales decreased 5.7% to 726
  • Inventory decreased 25.4% to 7,062

For the month of December:

  • Median Sales Price increased 9.7% to $248,000
  • Days on Market decreased 15.3% to 61
  • Percent of Original List Price Received increased 1.3% to 97.1%
  • Months Supply of Inventory decreased 26.3% to 1.4

All comparisons are to 2017

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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