Lee Homes

RKotoski@CBBurnet.com

  • Home
  • Our Company
  • Gallery and Testimonials
  • Virtual Tours
  • Plans
  • Contact Us

Weekly Market Report

August 15, 2016 by Adam Tita

For Week Ending August 6, 2016

Housing markets across the nation have mostly reached full recovery and are even approaching or achieving categorical highs in sales and prices, yet builders are still focusing on higher-end homes over starter homes in order to combat high land and building permit costs. Until there is more entry-level inventory on the market, sustainable balance will be difficult.

In the Twin Cities region, for the week ending August 6:

  • New Listings increased 2.3% to 1,795
  • Pending Sales decreased 1.9% to 1,258
  • Inventory decreased 17.7% to 14,495

For the month of July:

  • Median Sales Price increased 6.6% to $239,900
  • Days on Market decreased 14.3% to 54
  • Percent of Original List Price Received increased 0.8% to 98.4%
  • Months Supply of Inventory decreased 21.1% to 3.0

All comparisons are to 2015

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

Filed Under: Weekly Report

  • Model
    Location
  • Warranty
  • Better
    Business
    Bureau
  • Builders
    Assoc
  • The Most
    Important
    Tab

Realtor & Housing
Licensed In Minnesota

All information deemed reliable but not guaranteed and should be independently verified.
Copyright © 2023 | Limelight Marketing Systems