Archives for February 2019

For Week Ending February 16, 2019

The National Association of REALTORS® has reported in the last month that national existing-home sales and pending sales are both down in year-over-year comparisons, but that has not necessarily been a constant from market to market. While weather-related events have hampered some of the necessary machinations of making home sales, buyers have shown determination toward achieving their homeownership goals. This week has shown some sales strain in many markets, but spring is just around the corner.

In the Twin Cities region, for the week ending February 16:

  • New Listings decreased 20.5% to 1,018
  • Pending Sales decreased 10.5% to 810
  • Inventory decreased 2.5% to 8,043

For the month of January:

  • Median Sales Price increased 6.1% to $259,000
  • Days on Market decreased 5.8% to 65
  • Percent of Original List Price Received increased 0.1% to 97.0%
  • Months Supply of Homes For Sale increased 13.3% to 1.7

All comparisons are to 2018

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

For Week Ending February 9, 2019

For the third of four weeks, it is worthwhile to mention the weather when discussing residential real estate in large portions of the U.S. After a relatively quiet December and January, February has turned in some impressively cold and snowy days that have stalled some buying and selling actions. That said, housing markets are proving to be resilient in the face of predictions of a tougher year for the industry. It’s early, but economic fundamentals remain positive.

In the Twin Cities region, for the week ending February 9:

  • New Listings decreased 17.4% to 1,135
  • Pending Sales decreased 13.9% to 765
  • Inventory increased 1.2% to 7,966

For the month of January:

  • Median Sales Price increased 6.1% to $259,000
  • Days on Market decreased 5.8% to 65
  • Percent of Original List Price Received increased 0.1% to 97.0%
  • Months Supply of Inventory increased 6.7% to 1.6

All comparisons are to 2018

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