Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending March 26, 2022 Quick Facts

Publish Date: April 4, 2022 • All comparisons are to 2021

up more than a quarter of a percentage point compared to the previous week,
Freddie Mac reports. Rates have increased 1.2% since January and are at the
highest level in more than 3 years, with the typical homebuyer now spending $250
more per month to purchase a home, according to the National Association of
REALTORS®.
In the Twin Cities region, for the week ending March 26:
• New Listings decreased 12.8% to 1,366
• Pending Sales decreased 12.8% to 1,178
• Inventory decreased 13.7% to 4,839
For the month of February:
• Median Sales Price increased 8.3% to $340,000
• Days on Market decreased 4.3% to 44
• Percent of Original List Price Received increased 0.7% to 100.8%
• Months Supply of Homes For Sale decreased 10.0% to 0.9