Weekly Housing Market Activity Report for the Twin Cities​

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending December 25, 2021
Publish Date: January 3, 2022 • All comparisons are to 2020

more to afford their home purchase as a result, with the average home loan
reaching $414,115 as of last measure, according to The Mortgage Bankers
Association. As prices and loan amounts increase, borrowers have to come up with
additional funds for down payments, forcing some to dip into their savings, take on
second jobs, or borrow money from friends or family to remain competitive and
afford the increasing costs of homeownership in the current market.
In the Twin Cities region, for the week ending December 25:
• New Listings decreased 25.1% to 284
• Pending Sales decreased 11.1% to 561
• Inventory decreased 22.0% to 5,156
For the month of November:
• Median Sales Price increased 9.5% to $339,543
• 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