Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending August 7, 2021 Quick Facts
Publish Date: August 16, 2021 • All comparisons are to 2020

year-over-year in July, making it the fourth consecutive month of annual increases,
according to realtor.com’s Monthly Housing Report. More than half of the nation’s
50 largest metropolitan areas reported double-digit increases in new listings, which
may suggest the market is beginning to normalize after the record-breaking activity
seen during the pandemic.
In the Twin Cities region, for the week ending August 7:
• New Listings increased 1.7% to 1,939
• Pending Sales decreased 18.6% to 1,414
• Inventory decreased 23.1% to 7,605
For the month of July:
• Median Sales Price increased 11.9% to $350,000
• Days on Market decreased 53.7% to 19
• Percent of Original List Price Received increased 3.5% to 103.6%
• Months Supply of Homes For Sale decreased 30.0% to 1.4