Weekly Housing Market Activity Report for the Twin Cities​

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending December 4, 2021 Quick Facts

Publish Date: December 13, 2021 • All comparisons are to 2020

The latest REALTORS® Confidence Index Survey found that, nationally, sellers of
homes that closed in October saw 3.7 offers on average, which was up from 3.4
offers on average a year ago. The survey also found the typical buyer had made two
unsuccessful offers before securing their new home, and that first-time buyers
accounted for 29% of existing-home buyers, down from 32% a year ago. Cash
purchases rose to 24% of sales from 19% one year ago, and non-primary residence
buyers (investors and second home buyers) rose to 17% from 14% in 2020.
In the Twin Cities region, for the week ending December 4:
• New Listings decreased 1.0% to 860
• Pending Sales decreased 12.5% to 907
• Inventory decreased 16.1% to 6,297
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