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Weekly Market Report

December 9, 2013 by Adam Tita

The calendar can sometimes have just as profound an effect on housing data as
supply and demand. The 2013 Thanksgiving holiday was a week later than in
2012, causing some peculiar shifts in activity. This serves as a good reminder to
watch for calendar oddities just as much as you do economic indicators. Even so,
aside from family time and tryptophan, buyers and sellers had a lot to be grateful
for this Thanksgiving. Buyers still live in a time of great affordability, and sellers
should be thankful for shorter market times, higher prices and less competition.

In the Twin Cities region, for the week ending November 30:

  • New Listings decreased 47.0% to 540
  • Pending Sales decreased 38.5% to 579
  • Inventory decreased 4.5% to 14,582

For the month of November:

  • Median Sales Price increased 13.4% to $195,000
  • Days on Market decreased 26.5% to 75
  • Percent of Original List Price Received increased 1.3% to 95.4%
  • Months Supply of Inventory decreased 11.1% to 3.2

All comparisons are to 2012

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

Filed Under: Weekly Report

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