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

Weekly Market Report

A fellow named Newton once said that a body in motion tends to stay in motion. Presently, the housing market is going to be in a state of anti-motion, otherwise known as inertia. Each year, the activity around Independence Day collides with market trends because the summer holiday season ends up being more about family fun than housing fuss. As the market shifts from under us, things like historically low interest rates and rising rents cause pause for those with a clear idea of what they want despite the lack of funding to achieve it.

In the Twin Cities region, for the week ending June 29:

  • New Listings increased 22.8% to 1,738
  • Pending Sales increased 22.4% to 1,405
  • Inventory decreased 16.8% to 15,405

For the month of June:

  • Median Sales Price increased 17.5% to $210,000
  • Days on Market decreased 33.6% to 75
  • Percent of Original List Price Received increased 2.5% to 97.5%
  • Months Supply of Inventory decreased 27.1% to 3.5

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...


- 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 2022 MightyAgent