Real estate professionals from around the globe recently gathered in Boston to network, teach, learn and share at the National Association of REALTORS® Conference and Expo. It is an annual tradition that has been going strong since 1908. An organized real estate industry is a healthy one that can have a positive effect on real estate transactions and beyond. The relative market balance being experienced across the nation can’t entirely be attributed to REALTOR® cooperation, but it certainly doesn’t hurt.
In the Twin Cities region, for the week ending October 27:
• New Listings increased 15.0% to 1,239
• Pending Sales decreased 9.1% to 941
• Inventory decreased 1.4% to 12,374
For the month of September:
• Median Sales Price increased 6.1% to $262,000
• Days on Market decreased 16.0% to 42
• Percent of Original List Price Received increased 0.3% to 98.4%
• Months Supply of Homes For Sale remained flat at 2.6
