Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending July 2, 2022 Quick Facts

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

accounting for more than 40% of homes owned nationwide. As the second largest
population group continues to age and transitions to other housing options, the
Mortgage Bankers Association predicts more than 4 million existing homes will hit
the market annually over the next decade, boosting supply and helping to meet the
growing homeownership demand of younger generations.
In the Twin Cities region, for the week ending July 2:
• New Listings decreased 3.1% to 1,385
• Pending Sales decreased 26.0% to 1,231
• Inventory increased 9.8% to 8,209
For the month of May:
• Median Sales Price increased 9.0% to $375,000
• Days on Market decreased 4.2% to 23
• Percent of Original List Price Received increased 0.1% to 104.1%
• Months Supply of Homes For Sale increased 27.3% to 1.4