Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending September 11, 2021 Quick Facts

Publish Date: September 20, 2021 • All comparisons are to 2020

reporting the best time to buy a home is now, according to their Best Time to Buy
Report, which analyzed listing data back to 2018. Based on the data, analysts
found that the period between Sept. 12 and Oct. 17 will offer the most favorable
home buying conditions to prospective buyers, as the majority of U.S. markets are
predicted to see more homes for sale, less competition, and increased days on
market than at any other time this year.
In the Twin Cities region, for the week ending September 11:
• New Listings decreased 9.0% to 1,680
• Pending Sales decreased 19.5% to 1,141
• Inventory decreased 16.9% to 7,971
For the month of July:
• Median Sales Price increased 11.1% to $350,000
• Days on Market decreased 43.6% to 22
• Percent of Original List Price Received increased 2.1% to 102.4%
• Months Supply of Homes For Sale decreased 26.3% to 1.4