Weekly Housing Market Activity Report for the Twin Cities​

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending October 30, 2021
Publish Date: November 8, 2021 • All comparisons are to 2020

over the last year, according to Barron’s. Increasing net worth, household
formation, low mortgage rates, and a robust economy are a few of the reasons
behind the recent growth of homebuyers in this age segment. With Millennials
representing 22% of the U.S. population--and with their peak earning years
ahead—experts remain optimistic about this generation’s impact on the housing
market.
In the Twin Cities region, for the week ending October 30:
• New Listings increased 3.7% to 1,309
• Pending Sales increased 1.2% to 1,345
• Inventory decreased 13.8% to 8,025
For the month of September:
• Median Sales Price increased 9.9% to $340,700
• 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 15.8% to 1.6