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Weekly Market Report

While the housing market may have completed most of its backflips and jaw-dropping acrobatics, it is now showcasing steady knees and good traction. That may mean fewer riskier tricks on the half-pipe but more endurance and stability over the long haul. After several years of uncertainty followed by grueling rehabilitation, steadier performance that matches expectation resonates well with both current and prospective homeowners.

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

  • New Listings decreased 16.9% to 934
  • Pending Sales decreased 9.4% to 788
  • Inventory decreased 9.5% to 11,936

For the month of January:

  • Median Sales Price increased 12.4% to $179,900
  • Days on Market decreased 12.3% to 93
  • Percent of Original List Price Received remained flat at 93.5
  • Months Supply of Inventory decreased 15.6% to 2.7

All comparisons are to 2013

Click here for the full Weekly Market Activity Report.From The Skinny.

Weekly Report

Testimonials

Chris has been my go-to realtor for the past decade. He has personally handled more than 15 investme Read More...


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All information deemed reliable but not guaranteed and should be independently verified.

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