Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending August 28, 2021 Quick Facts

Publish Date: September 7, 2021 • All comparisons are to 2020

according to the National Association of REALTORS®, as stiff competition for
homes and high sales prices have discouraged some would-be buyers. Home
prices have been soaring during the pandemic, with the S&P Corelogic Case-Shiller
national home price index reporting that prices rose 18.6% nationally in June, the
largest annual increase in the history of the index since 1987.
In the Twin Cities region, for the week ending August 28:
• New Listings decreased 10.6% to 1,621
• Pending Sales decreased 8.6% to 1,463
• Inventory decreased 17.8% to 8,014
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