Listing Inventory Remains Low, Pending Sales on the Rise

In the Twin Cities region, for the week ending February 23:

• New Listings decreased 6.1% to 1,176

• Pending Sales increased 3.1% to 927

• Inventory decreased 30.9% to 12,341

 

For the month of January:

• Median Sales Price increased 14.3% to $160,000

• Days on Market decreased 24.1% to 107

• Percent of Original List Price Received increased 2.5% to 93.5%

• Months Supply of Inventory decreased 40.0% to 3.0