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Weekly Market Report

For Week Ending November 17, 2018

Sales and new listings continue to perform well in much of the nation thanks to a booming economy. Housing affordability remains a concern and is beginning to affect new single-family home construction. Builders are showing caution in the face of rising home prices and mortgage rates. Historically, housing can still be considered relatively affordable, but affordability measures have shown decline for several years. If this continues, it could negate recent gains in inventory.

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

  • New Listings increased 6.7% to 955
  • Pending Sales decreased 7.0% to 891
  • Inventory increased 0.9% to 11,273

For the month of October:

  • Median Sales Price increased 8.6% to $265,000
  • Days on Market decreased 7.7% to 48
  • Percent of Original List Price Received increased 0.2% to 97.9%
  • Months Supply of Inventory remained flat at 2.4

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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