Weekly Housing Market Activity Report for the Twin Cities​

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending January 22, 2022 Quick Facts

Publish Date: January 31, 2022 • All comparisons are to 2021

increasing number of buyers waived financing, appraisal, and inspection
contingencies in hopes of making their offers more attractive to sellers. That
number has been trending downward in recent months, according to the National
Association of REALTORS® December 2021 REALTORS® Confidence Index
Survey, which reports that while 79% of buyers waived a contract contingency in
June 2021, only 60% of buyers did so in December.
In the Twin Cities region, for the week ending January 22:
• New Listings decreased 10.9% to 845
• Pending Sales decreased 15.6% to 767
• Inventory decreased 21.5% to 4,491
For the month of December:
• Median Sales Price increased 7.9% to $331,100
• Days on Market decreased 12.8% to 34
• Percent of Original List Price Received decreased 0.2% to 99.5%
• Months Supply of Homes For Sale decreased 27.3% to 0.8