photo
  • Home
  • About Us
    • Endorsements
  • Featured Listings
  • Search
  • Sellers
    • Sellers
    • Metro Markets
  • Buyers
    • Buyers
    • Calculators
    • Communities
    • Schools
  • News
  • Contact Duplex King

Weekly Market Report

For Week Ending August 18, 2018

It has been another busy summer for residential real estate. The lower supply, higher prices, faster sales mantra has remained in place for most of the nation for the entirety of the year – which heightened in intensity during the summer sales season – but there has been some conversation about the possibility of more supply and lower prices. Presently, it is just conversation, as the numbers are not reflective of a shift in trend lines anytime soon.

In the Twin Cities region, for the week ending August 18:

  • New Listings increased 6.2% to 1,759
  • Pending Sales decreased 10.2% to 1,215
  • Inventory decreased 10.9% to 12,207

For the month of July:

  • Median Sales Price increased 6.6% to $268,000
  • Days on Market decreased 17.4% to 38
  • Percent of Original List Price Received increased 0.7% to 99.8%
  • Months Supply of Inventory decreased 11.1% to 2.4
All comparisons are to 2017

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

Weekly Report

Testimonials

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


- Joshua H.

Thanks again for the great work you did for me. You guys are the best!


- Tom

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

Powered By WordPress | Copyright 2023 MightyAgent