Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending May 14, 2022 Quick Facts

Publish Date: May 23, 2022 • All comparisons are to 2021

increasing nationwide, as buyers aim to lower their monthly mortgage costs and
make their offer more attractive to sellers. According to Realtor.com, buyers
averaged a $28,000 down payment in the first quarter of 2022, averaging 13.1% of
the purchase price, compared to the first quarter of 2020, when down payments
averaged $14,000, with buyers paying about 11% of the purchase price.
In the Twin Cities region, for the week ending May 14:
• New Listings decreased 6.2% to 1,875
• Pending Sales decreased 19.3% to 1,280
• Inventory decreased 2.9% to 6,152
For the month of April:
• Median Sales Price increased 10.0% to $370,000
• Days on Market decreased 9.7% to 28
• Percent of Original List Price Received increased 0.5% to 103.8%
• Months Supply of Homes For Sale remained flat at 1.1