Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending September 3, 2022 Quick Facts

Publish Date: September 12, 2022 • All comparisons are to 2021

year-over-year in August, according to Realtor.com’s recent Monthly Housing
Report. As the housing market recalibrates toward a more balanced state, many
REALTORS® are reporting an increase in price reductions, longer days on market,
and a deceleration in listing prices, offering homebuyers more time—and
choices—when making their next move this fall.
In the Twin Cities region, for the week ending September 3:
• New Listings decreased 24.1% to 1,170
• Pending Sales decreased 28.5% to 968
• Inventory increased 3.5% to 8,810
For the month of July:
• Median Sales Price increased 7.1% to $375,000
• Days on Market increased 15.8% to 22
• Percent of Original List Price Received decreased 2.0% to 101.5%
• Months Supply of Homes For Sale increased 20.0% to 1.8