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Weekly Market Report

October 16, 2017 by Adam Tita

For Week Ending October 7, 2017

Many potential buyers are simply not on the market during this time of year, as school-aged children settle into routines and the gainfully employed focus more on end-of-year goals and holiday planning over taking on a big move. But not all buyers are equal. Consider instead the first-time buyers with no children, relocated employees, investment buyers, bargain hunters and those with generally fewer ties to established routines.

In the Twin Cities region, for the week ending October 7:

  • New Listings decreased 1.3% to 1,395
  • Pending Sales increased 4.1% to 1,103
  • Inventory decreased 16.6% to 12,378

For the month of September:

  • Median Sales Price increased 7.3% to $246,800
  • Days on Market decreased 12.3% to 50
  • Percent of Original List Price Received increased 0.6% to 98.1%
  • Months Supply of Inventory decreased 16.7% to 2.5

All comparisons are to 2016

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

Filed Under: Weekly Report

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