Weekly Housing Market Activity Report for the Twin Cities​

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending November 6, 2021 Quick Facts

Publish Date: November 15, 2021 • All comparisons are to 2020

Americans seek to take advantage of low interest rates and double-digit gains in
home equity over the pandemic. Driven by soaring home values, U.S. tappable
home equity reached 9.1 trillion dollars in October, prompting an increasing number
of borrowers to cash out some of their equity for debt consolidation, investment
purposes, home improvement projects, and more.
In the Twin Cities region, for the week ending November 6:
• New Listings decreased 4.2% to 1,217
• Pending Sales decreased 6.0% to 1,178
• Inventory decreased 14.6% to 7,640
For the month of October:
• Median Sales Price increased 7.9% to $340,000
• Days on Market decreased 22.9% to 27
• Percent of Original List Price Received decreased 0.2% to 100.3%
• Months Supply of Homes For Sale decreased 17.6% to 1.4