Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending July 30, 2022
Publish Date: August 8, 2022 • All comparisons are to 2021

housing expectations are on the rise as well, with the National Association of Home
Builders (NAHB) reporting the share of prospective buyers expecting their home
search to be easier in the coming months climbed to 22% in the second quarter, up
from 17% in the first quarter. The NAHB attributes the improved outlook among
buyers to increases in inventory and a decline in buyer competition.
In the Twin Cities region, for the week ending July 30:
• New Listings decreased 24.5% to 1,443
• Pending Sales decreased 22.4% to 1,171
• Inventory increased 10.3% to 8,830
For the month of June:
• Median Sales Price increased 8.6% to $380,000
• Days on Market increased 5.0% to 21
• Percent of Original List Price Received decreased 0.8% to 103.3%
• Months Supply of Homes For Sale increased 23.1% to 1.6