Complete housing recovery is insight with rising home prices and low inventory. Even though improvements appear flat in nature as we progress through each month, year-over-year comparisons still show encouraging overall trends. Things are looking bright as we head into the summer months.
In the Twin Cities region, for the week ending May 24:
• New Listings increased 3.9% to 1,870
• Pending Sales decreased 3.0% to 1,294
• Inventory increased 5.6% to 15,957
For the month of April:
• Median Sales Price increased 7.5% to $196,158
• Days on Market decreased 9.3% to 88
• Percent of Original List Price Received decreased 0.1% to 95.9%
• Months Supply of Inventory increased 2.9% to 3.5
