Weekly Market Activity Report

For Week Ending April 28, 2018
As with last spring, the home-purchasing season will be competitive this year. Demand is still strong, especially in light of rising mortgage rates. Savvy consumers will want to get into a home before rates go up again. Amidst an environment of low inventory, buyers need to remain watchful of new listings and make their offers quickly

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In the Twin Cities region, for the week ending April 28 (All comparisons are to 2017):

  • New Listings decreased 7.2% to 1,761
  • Pending Sales decreased 9.5% to 1,389
  • Inventory decreased 23.5% to 9,051

For the month of March:

  • Median Sales Price increased 9.8% to $258,000
  • Days on Market decreased 21.9% to 57
  • Percent of Original List Price Received increased 1.1% to 99.1%
  • Months Supply of Homes For Sale decreased 22.7% to 1.7
* All data from NorthstarMLS. Provided by the Minneapolis Area Association of REALTORS®. Report © 2018 ShowingTime.