News – Page 53

For Week Ending August 13, 2016

Residential construction, builder confidence and housing starts have all been up in recent months, creating a triple dose of good news as the country begins the inevitable home sales slowdown following the busy spring and summer seasons. The news creates hope that buyer traffic could maintain at a sufficient level over the last several months of the year.

In the Twin Cities region, for the week ending August 13:

New Listings decreased 5.5% to 1,651
Pending Sales decreased 2.8% to 1,229
Inventory decreased 17.3% to 14,521

For the month of July:

Median Sales Price increased 6.6% to $239,900
Days on Market decreased 14.3% to 54
Percent of Original List Price Received increased 0.8% to 98.4%
Months Supply of Inventory decreased 21.1% to 3.0

All comparisons are to 2015

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

Weekly Market Report

For Week Ending August 6, 2016

Housing markets across the nation have mostly reached full recovery and are even approaching or achieving categorical highs in sales and prices, yet builders are still focusing on higher-end homes over starter homes in order to combat high land and building permit costs. Until there is more entry-level inventory on the market, sustainable balance will be difficult.

In the Twin Cities region, for the week ending August 6:

New Listings increased 2.3% to 1,795
Pending Sales decreased 1.9% to 1,258
Inventory decreased 17.7% to 14,495

For the month of July:

Median Sales Price increased 6.6% to $239,900
Days on Market decreased 14.3% to 54
Percent of Original List Price Received increased 0.8% to 98.4%
Months Supply of Inventory decreased 21.1% to 3.0

All comparisons are to 2015

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

Weekly Market Report

August Monthly Skinny Video

Weekly Market Report