Is it here? Weekly Market Report | David Reed Weekly Market Report – David Reed

For Week Ending June 13, 2015

When Lewis and Clark looked over the horizon and saw the Pacific Ocean, they were charting the future while applying lessons learned on a long, historic journey. In the housing market, it is also important to look to the future with a nod to the past. The market has come a long way since the burst of 2008. May we always thank the past for teaching us how to pursue our futures. And may we always have a market interpreter as able and wise as Sacagawea.

In the Twin Cities region, for the week ending June 13:

  • New Listings decreased 0.8% to 2,058
  • Pending Sales increased 21.1% to 1,523
  • Inventory decreased 6.0% to 16,512

For the month of May:

  • Median Sales Price increased 6.7% to $224,000
  • Days on Market decreased 5.0% to 76
  • Percent of Original List Price Received increased 0.7% to 97.5%
  • Months Supply of Inventory decreased 9.8% to 3.7

All comparisons are to 2014

Click here for the full Weekly Market Activity Report. From The Skinny Blog.