Twin Cities Housing Supply Outlook - December

In the overall Twin Cities market, home sellers are now getting
closer to their original asking prices than they were a year ago.
Dig a little deeper, however, and it becomes clear that it’s only
the Single-Family Detached segment that's seeing improvement.
The lowest mark for Percent of Original List Price Received at
Sale can be found in previously owned condominiums, which post a
low mark of 88.6 percent.
Home sales continue to look the strongest in the more affordable
price ranges. Homes below $190,000 are selling at a 49.9 percent
faster clip over the last 12 months than they did the prior 12 months.
Above $190,000, sales are down by 10.5 percent.
That's caused some large differences in our calculation of Months
Supply of Inventory by price range. The lower price ranges are
extreme seller's markets, while the higher prices ranges still present
sellers with challenging conditions.

Housing Supply Outlook Report