Monday Market Report for June 15th
SHARE THIS POST
Continued low mortgage rates have boosted mortgage applications from prospective home buyers. The Mortgage Bankers Association reported that mortgage applications to purchase a home rose 5% last week, which is 18% higher than applications a year ago. Mortgage applications were down as much as 35% from a year prior just six weeks ago, showing an incredible rebound from the impact of COVID-19.
In the Twin Cities region, for the week ending june 6:
New Listings decreased 25.0% to 1,674
Pending Sales decreased 5.6% to 1,418
Inventory decreased 18.0% to 9,869
FOR THE MONTH OF MAY:
Median Sales Price increased 3.2% to $294,250
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 20.0% to 2.0
Publish Date: June 15, 2020 • All comparisons are to 2019
All data from NorthstarMLS. Provided by the Saint Paul Area Association of REALTORS®. Report © 2020 ShowingTime.
Get in touch with the Team
Tiffany Bergum & Judy “B” Barbatsis
Coldwell Banker Realty – Stillwater, MN
tiffanyjudyb@cbburnet.com
TIFFANY 612.516.1759 | JUDY “B” 612.910.7600