Good afternoon, I’m Matt Johnson with the Anew Real Estate group of Keller Williams Premier realty and this is your Twin Cities market update for the month of July, 2018. Today we’re going to talk about some pretty interesting numbers when it comes to real estate in the Twin Cities. First of all, I want to let you know that the new listings were down about a hundred over last year to 8,731 homes listed in the month of June that brings the number of homes for sale down year over year by 2,100 units right now we only have 11,416 homes for sale in the Twin Cities. The median days on market is only 16 right now, coupled with an average of 41, you’re seeing a lot of homes selling in that first week on the market. The median dollars per square foot is up to a dollar over last month to a 143 dollars, that’s up 10 dollars over last year, the same time. Last but not least, the median sale price climbed to 271,900 dollars. Now this is an all-time high going back as far as we’ve tracked that in the Twin Cities. It’s almost six percent up over last year or around 15,000 dollars more than just a year ago this time. Now, I want to warn you, interest rates have been on the rise this year. In fact, they’re up almost a half of a point since January, we’re at a almost five year peak as well, dating back to October of 2013. With interest rates at four and a half percent versus say three and a half that one percent rise in interest rates decreases your purchasing power by around 10 percent, depending on the loan product you’re looking at. So if you’re looking to buy a home or upgrade your home, doing that before higher rates come would be a great idea. If you have any questions about what your home is worth or where you could fall in to today’s real estate market. I’d be happy to talk with you about that. Again, I’m Matt Johnson from Keller Williams realty and my number is 651-775-7515. Thanks!