Weekly Housing Report

Weekly Market Activity Report
For Week Ending September 28, 2013 
Publish Date: October 7, 2013 • All comparisons are to 2012
Home prices are still rising and rates have increased incrementally. As the cement of market balance hardens, it has become more dependent on move-up and first time home buyers. Even with tightened lending regulations, seller activity has broadened. The government shutdown should not have a major impact on national and local market housing recovery. But as we get deeper into the -ber months, it will be interesting to see if the year-over-year trends hold true, simply lessen in drama or give reason for pause.In the Twin Cities region, for the week ending September 28:
• New Listings increased 10.3% to 1,449
• Pending Sales increased 12.2% to 1,106
• Inventory decreased 5.9% to 16,282
For the month of August:
• Median Sales Price increased 16.8% to $207,825
• Days on Market decreased 34.0% to 70
• Percent of Original List Price Received increased 2.0% to 97.0%
• Months Supply of Inventory decreased 15.9% to 3.7