Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending March 5, 2022
Publish Date: March 14, 2022 • All comparisons are to 2021

in February, exceeding the previous peak set in July 2021, according to
Realtor.com’s Monthly Housing Trends Report. Despite rising sales prices, homes
are disappearing in record time, with the typical U.S. home selling more than two
weeks faster last month compared to the same period last year, and more than a
month faster compared to February 2017 – 2019.
In the Twin Cities region, for the week ending March 5:
• New Listings decreased 5.8% to 1,417
• Pending Sales decreased 3.8% to 1,128
• Inventory decreased 16.3% to 4,505
For the month of January:
• Median Sales Price increased 10.6% to $333,000
• Days on Market decreased 2.4% to 41
• Percent of Original List Price Received increased 0.1% to 99.6%
• Months Supply of Homes For Sale decreased 20.0% to 0.8