Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending April 2, 2022 Quick Facts

Publish Date: April 11, 2022 • All comparisons are to 2021

March, a 13.5% increase annually, according to Realtor.com’s latest Monthly
Housing Trends Report. As home prices continue to rise, the share of homes
experiencing price reductions has also grown, with 25 of the 50 largest metro areas
reporting an increase in price reductions last month, up from 18 in February, which
may be an early sign the housing market is moderating somewhat.
In the Twin Cities region, for the week ending April 2:
• New Listings increased 0.2% to 1,500
• Pending Sales decreased 11.4% to 1,238
• Inventory decreased 11.8% to 4,986
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