Weekly Housing Market Activity Report for the Twin Cities​

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending January 1, 2022 Quick Facts

Publish Date: January 10, 2022 • All comparisons are to 2021

again. According to the National Association of Home Builders, lumber prices have
nearly tripled the past 4 months, adding more than $18,600 to the price of the
average new single-family home. The COVID-19 pandemic continues to impact the
lumber market, with the most recent surge in prices due to supply chain
disruptions, sharp increases of tariffs on Canadian lumber imports, and record
wildfires in the western U.S. and British Columbia.
In the Twin Cities region, for the week ending January 1:
• New Listings decreased 26.5% to 403
• Pending Sales decreased 17.7% to 567
• Inventory decreased 21.8% to 4,890
For the month of November:
• Median Sales Price increased 9.6% to $339,900
• 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 14.3% to 1.2