Weekly Housing Market Activity Report for the Twin Cities​

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending October 9, 2021 Quick Facts
Publish Date: October 18, 2021 • All comparisons are to 2020
As home prices have continued to soar, many borrowers are finding they mustborrow more to afford the rising costs of homeownership. Applications for jumbo
loans -- those loans that exceed conventional conforming loan limits established by
the Federal Housing Finance Agency -- are on the rise, and could reach $550 billion
this year, according to Bank of America researchers, the highest level since before
the 2008 financial crisis.
In the Twin Cities region, for the week ending October 9:
• New Listings decreased 16.4% to 1,476
• Pending Sales decreased 5.8% to 1,335
• Inventory decreased 15.6% to 8,251
For the month of September:
• Median Sales Price increased 10.0% to $341,000
• Days on Market decreased 37.8% to 23
• Percent of Original List Price Received increased 0.7% to 101.2%
• Months Supply of Homes For Sale decreased 21.1% to 1.5
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