Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending April 30, 2022 Quick Facts
Publish Date: May 9, 2022 • All comparisons are to 2021

double digits annually in the first quarter of 2022, up from 66% of metro areas in
the previous quarter, according to the National Association of REALTORS® (NAR)
latest quarterly report. In 27 U.S. markets, buyers needed at least $100,000 annual
income to afford a 10% down payment, with first time buyers typically spending
28.4% of monthly income on mortgage payments, exceeding the 25% threshold
NAR considers unaffordable.
In the Twin Cities region, for the week ending April 30:
• New Listings decreased 4.8% to 1,731
• Pending Sales decreased 9.3% to 1,424
• Inventory decreased 6.9% to 5,576
For the month of March:
• Median Sales Price increased 7.8% to $354,077
• Days on Market decreased 10.3% to 35
• Percent of Original List Price Received increased 0.8% to 102.7%
• Months Supply of Homes For Sale remained flat at 1.0