Pending sales are back up and so is inventory. After a slower start to the year, the numbers are rallying a bit. However, one number not rising is the number of people filing for unemployment so that means jobless applications continued their downward trend. This could help families put away down payment funds.
In the Twin Cities region, for the week ending July 5:
• New Listings increased 14.8% to 1,269
• Pending Sales increased 17.4% to 1,045
• Inventory increased 7.7% to 17,587
For the month of June:
• Median Sales Price increased 4.7% to $219,900
• Days on Market decreased 6.8% to 69
• Percent of Original List Price Received decreased 0.3% to 97.2%
• Months Supply of Inventory increased 10.5% to 4.2
