Craig Alger

For all your real estate needs

MENUMENU
  • Home
  • Property Search
  • Listings
  • Resources
    • Sellers
    • Buyers
  • News
  • About
  • Contact

Weekly Market Report

November 18, 2019 by Craig Alger


For Week Ending November 9, 2019

With the stock market reaching record highs, continued low unemployment, and low mortgage rates, many signs in the US economy remain strong. However, total household debt has been rising for twenty-one consecutive quarters and is now $1.3 trillion higher than the previous peak of $12.68 trillion in 2008. While delinquency rates remain low across most debt types, including mortgages, higher consumer debt loads can limit future household spending capability and increase risk if the economy slows down.

In the Twin Cities region, for the week ending November 9:

  • New Listings increased 6.3% to 1,094
  • Pending Sales increased 1.6% to 992
  • Inventory decreased 5.9% to 11,463

For the month of October:

  • Median Sales Price increased 5.7% to $280,000
  • Days on Market decreased 4.2% to 46
  • Percent of Original List Price Received increased 0.1% to 98.1%
  • Months Supply of Homes For Sale decreased 4.0% to 2.4

All comparisons are to 2018

Click here for the full Weekly Market Activity Report. From MAAR Market Data News.

Filed Under: Weekly Report

  • Calculators
  • Finding A Loan Officer
  • The Loan Process
  • Mortgage Glossary
  • Markets Updates
  • Area Links
  • Metro Schools
  • MN Schools
  • WI Schools

Greet me and meet me on social media. You can follow my new listings and changes in the marketplace on any of the following. Follow me.

  • Facebook
  • Google+
  • Instagram
  • StumbleUpon
  • Twitter

Navigation

  • Calculators
  • Finding A Loan Officer
  • The Loan Process
  • Mortgage Glossary
  • Markets Updates
  • Area Links
  • Metro Schools
  • MN Schools
  • WI Schools

Keep in Touch!

Realtor & Housing

Licensed In Minnesota

All information deemed reliable but not guaranteed and should be independently verified.



© MSLLC | Copyright © 2021