The Minneapolis Area Association of Realtors has just released the statistics for the Twin Cities for the week ending August 3, 2013.

In the Twin Cities region, for the week ending August 3, 2013:

• New Listings increased 18.0% to 1,689
• Pending Sales increased 15.0% to 1,252
• Inventory decreased 11.9% to 15,981

For the month of July 2013:

• Median Sales Price increased 16.8% to $208,000
• Days on Market decreased 31.4% to 72
• Percent of Original List Price Received increased 2.6% to 97.5%
• Months Supply of Inventory decreased 21.7% to 3.6