Lee Homes

RKotoski@CBBurnet.com

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

Weekly Market Report

August 13, 2018 by Adam Tita

For Week Ending August 4, 2018

Competitive buyers vying for a somewhat limited number of homes for sale have helped prices continue to climb, frequently over the asking price. The latest recorded national unemployment rate of 3.9 percent is historically low and has served as a general indicator of a strong economy. To give a better idea of how good the unemployment situation is right now, we were looking at a historically low rate of 4.3 percent last year at this time.

In the Twin Cities region, for the week ending August 4:

  • New Listings increased 1.8% to 1,844
  • Pending Sales decreased 10.7% to 1,269
  • Inventory decreased 11.4% to 11,989

For the month of June:

  • Median Sales Price increased 5.3% to $271,000
  • Days on Market decreased 16.7% to 40
  • Percent of Original List Price Received increased 0.8% to 100.3%
  • Months Supply of Inventory decreased 11.1% to 2.4

All comparisons are to 2017

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