For Week Ending June 11, 2016

The pace of new homes being built is slower than necessary to keep inventory figures up, especially in a time with plenty of demand. However, building permits are active and low mortgage rates continue to provide opportunity for the residential real estate market to continue to be a pillar of the national economic profile.

In the Twin Cities region, for the week ending June 11:

  • New Listings decreased 0.3 percent to 2,056
  • Pending Sales decreased 7.1% to 1,370
  • Inventory decreased 19.2% to 13,869

For the month of May:

  • Median Sales Price increased 5.8% to $236,900
  • Days on Market decreased 21.1% to 60
  • Percent of Original List Price Received increased 1.1% to 98.6%
  • Months Supply of Inventory decreased 26.3% to 2.8

All comparisons are to 2015

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

Weekly Market Report

For Week Ending June 11, 2016

The pace of new homes being built is slower than necessary to keep inventory figures up, especially in a time with plenty of demand. However, building permits are active and low mortgage rates continue to provide opportunity for the residential real estate market to continue to be a pillar of the national economic profile.

In the Twin Cities region, for the week ending June 11:

  • New Listings decreased 0.3 percent to 2,056
  • Pending Sales decreased 7.1% to 1,370
  • Inventory decreased 19.2% to 13,869

For the month of May:

  • Median Sales Price increased 5.8% to $236,900
  • Days on Market decreased 21.1% to 60
  • Percent of Original List Price Received increased 1.1% to 98.6%
  • Months Supply of Inventory decreased 26.3% to 2.8

All comparisons are to 2015

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

Weekly Market Report

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