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Twin Cities Housing Market

September 20, 2012 |  Article By :   | 

The Minneapolis Area Association of Realtors has put out the Twin Cities Housing market statistics for this week.  These statistics are still positive but we are now heading into the slow time of the year so time will tell if conditions hold or not.

In the Twin Cities region, for the week ending September 8:

• New Listings increased 2.2% to 1,273
• Pending Sales increased 24.2% to 940
• Inventory decreased 29.6% to 16,458

For the month of August:

• Median Sales Price increased 15.2% to $178,600
• Days on Market decreased 24.0% to 107
• Percent of Original List Price Received increased 4.2% to 95.1%
• Months Supply of Inventory decreased 42.0% to 4.1

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