Lee Homes

RKotoski@CBBurnet.com

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

Weekly Market Report

October 23, 2017 by Adam Tita

For Week Ending October 14, 2017

Much was made of the homeownership rate dropping to a 50-year low last year. It was thought that tastes had changed, especially among Millennials, and that people craved more mobility through rentals and smaller, more urban homes. Then something happened earlier this year: Millennials drove up the homeownership rate. Judging by continued buyer demand well into autumn, it would seem that owning a home is still as desirable today as it was 50 years ago.

In the Twin Cities region, for the week ending October 14:

  • New Listings decreased 1.7% to 1,365
  • Pending Sales decreased 5.1% to 1,027
  • Inventory decreased 17.2% to 12,247

For the month of September:

  • Median Sales Price increased 7.2% to $246,500
  • 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

  • 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