Weekly Housing Market Activity Report for the Twin Cities​

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending December 11, 2021

Publish Date: December 20, 2021 • All comparisons are to 2020

other ways to meet booming buyer demand. According to the most recent Annual
Builder Practices Survey, one in four new single-family detached homes built in
2020 were located in established neighborhoods, with 19% of those homes built on
infill lots, while 6% were teardowns. Demand for single-family homes continues to
outpace supply, and infill development is expected to increase in market share in
2022 as builders ramp up production.
In the Twin Cities region, for the week ending December 11:
• New Listings decreased 21.4% to 701
• Pending Sales decreased 4.5% to 820
• Inventory decreased 17.3% to 5,965
For the month of November:
• Median Sales Price increased 9.5% to $339,300
• Days on Market decreased 11.8% to 30
• Percent of Original List Price Received decreased 0.4% to 99.8%
• Months Supply of Homes For Sale decreased 21.4% to 1.1