Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending July 17, 2021 Quick Facts
Publish Date: July 26, 2021 • All comparisons are to 2020

Cash buyers continue to make up a significant portion of the U.S. housing market,
with nearly one-third of home sales this year being all-cash purchases. Although
investors make up a considerable number of cash sales transactions, the increasing
availability of remote work during the pandemic has allowed some homeowners to
sell their homes in pricey markets and relocate to less-expensive locales, where
they’re able to pay cash for a new home, giving them an edge in a highly
competitive market.
In the Twin Cities region, for the week ending July 17:
• New Listings increased 3.1% to 1,909
• Pending Sales decreased 12.0% to 1,422
• Inventory decreased 29.0% to 7,106
For the month of June:
• Median Sales Price increased 14.8% to $350,000
• Days on Market decreased 52.4% to 20
• Percent of Original List Price Received increased 4.5% to 104.1%
• Months Supply of Homes For Sale decreased 42.9% to 1.2

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