Higher interest rates, rising prices and a budget standoff in Washington haven’t shaken consumer sentiment regarding housing. Buyers continue to riffle through existing inventory for options, keeping an eye out for new listings. A sense of normalcy is returning to the real estate ethos after more than a decade of extreme ups and downs. It’s a big week for economic and housing news, so keep your eyes and ears tuned for any changing headlines.

In the Twin Cities region, for the week ending September 21:

  • New Listings increased 13.3% to 1,469
  • Pending Sales decreased 5.5% to 970
  • Inventory decreased 6.8% to 16,249

For the month of August:

  • Median Sales Price increased 16.9% to $207,900
  • Days on Market decreased 34.0% to 70
  • Percent of Original List Price Received increased 2.0% to 97.0%
  • Months Supply of Inventory decreased 18.2% to 3.6

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

Weekly Market Report

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