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 August of 2018. First we’re going to start off talking about the numbers of new listings in the Twin Cities area. It was down about 300 units compared to the same time last year with 7,672 homes hitting the market, that brought our active inventory down again, 1,700 to 11,709 homes for sale. I want to let you know that that number is lower than at any point in 2015, there’s very little for sale. We’re going to talk about price brackets coming up towards the end of the conversation, but first I want to tell you about the median sales price which has increased 6.6 percent over last year to 268,000 dollars, while the dollars per square foot stays on a four -month trend of being the highest ever in the Twin Cities, right now being at a 144 dollars per square foot. Our days on market is extremely low at eighteen days and that is what I want to tell you going into the showing activity. When it comes to price points, people typically shop in bracket. Usually 50,000 dollar brackets or sometimes 25,000. Well, in the 200,000 dollar price range between 200,000 and 300,000 dollars, buyers have shown homes 40 percent of the time, in fact, we’ve seen somewhere in the neighborhood of 80,000 showings in the last 90 days at that price point. The next most busy price point is the 100,000 with about 27 percent of the showing activity, followed closely by the 300,000 dollar price bracket with 18 percent of the showings. So, if you have a home which will be a starter home, typically homes they can’t build right now for that kind of price, your home is hot and it’s a great time to move up because interest rates continue to linger around 4.5 percent. So, if you’re thinking of up sizing and you want to get it done before the fall or even before snow flies, give us a call right away. Again, I’m Matt Johnson with the Anew Real Estate Group at Keller Williams, our number is 651-775-7515, thanks!