Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending September 4, 2021 Quick Facts

Publish Date: September 13, 2021 • All comparisons are to 2020

reporting the 30-year fixed-rate mortgage averaged 2.87% for the week ending
September 2nd. Despite persistent low rates, total mortgage applications fell 1.9%
compared to the previous week, according to the Mortgage Banker’s Association,
with both purchase and refinance applications moderating, as a rise in new COVID19 cases tempered economic momentum.
In the Twin Cities region, for the week ending September 4:
• New Listings decreased 16.1% to 1,470
• Pending Sales decreased 21.2% to 1,303
• Inventory decreased 17.7% to 7,913
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