The Twin Cities region has now experienced 43 consecutive months of year-overyear price gains. Sales volumes are chugging along at a 10-year record pace. There is evidence that first-time home buyer demand and new construction levels have both improved lately. As the summer humidity gives way to fall colors and early morning frost, expect activity levels to ease when compared to the summer months while year-over-year improvements should continue.

In the Twin Cities region, for the week ending October 3:
• New Listings decreased 7.2% to 1,371
• Pending Sales increased 1.7% to 1,077
• Inventory decreased 15.1% to 16,390

For the month of September:
• Median Sales Price increased 8.3% to $222,000
• Days on Market decreased 8.5% to 65
• Percent of Original List Price Received increased 1.0% to 96.6%
• Months Supply of Inventory decreased 26.1% to 3.4

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