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Monday Market Report for June 29th

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Twin Cities weekly activity report, for the week ending June 20th, 2020.

Housing starts in May rose 4.3% to an annual rate of 974,000, its first increase since January and up from a five-year low of 934,000 in April. The increase was less than expected by economists but builder permits were up 14.4% for the month to 1.22 million annually, signaling higher housing starts are likely in the near future.

In the Twin Cities region, for the week ending JUNE 20:

New Listings decreased 16.4% to 1,728
Pending Sales increased 3.4% to 1,594
Inventory decreased 22.8% to 9,871

FOR THE MONTH OF MAY:

Median Sales Price increased 3.5% to $294,900
Days on Market decreased 8.9% to 41
Percent of Original List Price Received decreased 0.4% to 99.6%
Months Supply of Homes For Sale decreased 16.0% to 2.1

Publish Date: June 29, 2020 • All comparisons are to 2019