The economy has made a surprising statement, offering big gains over the last six months not seen since mid-2003. As we head into the final stretch of the fourth quarter, mortgage rates remain fairly stable, with the 30-year fixed rate mortgage still hovering below 4 percent.

In the Twin Cities region, for the week ending November 22:
• New Listings decreased 3.5% to 862
• Pending Sales decreased 2.7% to 802
• Inventory increased 1.6% to 16,122

For the month of October:
• Median Sales Price increased 6.7% to $208,000
• Days on Market decreased 4.0% to 72
• Percent of Original List Price Received decreased 0.6% to 95.2%
• Months Supply of Inventory increased 13.5% to 4.2

Call Now ButtonCall Now