For Week Ending December 12, 2015
This year, it is projected that 46.1 percent of holiday shopping will be done online, up from 44.4 percent last year. As American consumers continue to change the way they buy things, we’re already seeing massive upheaval in long-entrenched ways of going about this thing called life. Fewer people are driving, or even buying cars for that matter, which allows sharing-economy companies like Uber and Zipcar to exist. Fewer people are going to department stores and malls, which allows home-shipping giants like Amazon to exist. One day soon, even home purchases will happen in a vastly different way. Are you ready for what’s next?
In the Twin Cities region, for the week ending December 12:
- New Listings increased 8.0% to 715
- Pending Sales increased 16.8% to 777
- Inventory decreased 17.9% to 12,536
For the month of November:
- Median Sales Price increased 6.9% to $219,080
- Days on Market decreased 7.6% to 73
- Percent of Original List Price Received increased 1.2% to 95.8%
- Months Supply of Inventory decreased 28.2% to 2.8
All comparisons are to 2014
Click here for the full Weekly Market Activity Report. From The Skinny Blog.