Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending August 14, 2021 Quick Facts

Publish Date: August 23, 2021 • All comparisons are to 2020

purchase a home, with 39% of active buyers mentioning high sales prices as the
primary deterrent to not finding a home in Q2 2021, according to a recent Housing
Trends report from the National Association of Home Builders. This is a change
from the previous two quarters, where interested buyers reported being outbid by
other offers as the most common reason for not purchasing a home.
In the Twin Cities region, for the week ending August 14:
• New Listings decreased 11.7% to 1,697
• Pending Sales decreased 8.0% to 1,503
• Inventory decreased 19.3% to 7,901
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