Monday Market Report for February 22nd
The ShowingTime Showing Index® for January saw a 20.2 percent year-overyear increase in showing traffic nationwide. All regions of the country were up double-digits from the year before, with the Midwest Region up 15.7 percent and the West Region, up 34.1 percent. As showing activty is a leading indicator for future home sales, the 2020 housing market is off to a strong start.
In the Twin Cities region, for the week ending February 22:
New Listings increased 31.4% to 1,269
Pending Sales increased 20.8% to 1,073
Inventory decreased 14.4% to 7,734
For the month of January:
Median Sales Price increased 4.2% to $270,000
Days on Market increased 3.1% to 67
Percent of Original List Price Received decreased 0.1% to 97.0%
Months Supply of Homes For Sale decreased 11.1% to 1.6
Publish Date: March 2, 2020 • All comparisons are to 2019. All data from NorthstarMLS. Provided by the Saint Paul Area Association of REALTORS®. Report © 2020 ShowingTime.
