Weekly Housing Market Activity Report for the Twin Cities​

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending October 23, 2021 Quick Facts

Publish Date: November 1, 2021 • All comparisons are to 2020

3.09% for the week ending October 21, 2021, according to Freddie Mac. Rates
have climbed nearly one-third of a percent since early August. Despite increasing
rates, which are projected to remain above 3% for the fourth quarter and rise even
further next year, economists are expecting the housing market to continue to be
active into 2022, thanks in part to strong buyer demand and increases in new
listings.
In the Twin Cities region, for the week ending October 23:
• New Listings decreased 5.3% to 1,343
• Pending Sales decreased 14.7% to 1,235
• Inventory decreased 15.8% to 8,130
For the month of September:
• Median Sales Price increased 10.0% to $340,850
• 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