Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending October 2, 2021 Quick Facts

Publish Date: October 11, 2021 • All comparisons are to 2020

pandemic, with the average annual equity increase for borrowers reaching $51,550
in the second quarter of the year, according to CoreLogic, which represents the
largest average equity gain in more than 11 years. The rapid accumulation of equity
may help homeowners who are behind on payments avoid foreclosure, allowing
borrowers to access their equity and sell their home instead.
In the Twin Cities region, for the week ending October 2:
• New Listings decreased 13.6% to 1,547
• Pending Sales decreased 14.4% to 1,349
• Inventory decreased 14.8% to 8,440
For the month of August:
• 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