Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending October 15, 2022

Publish Date: October 24, 2022 • All comparisons are to 2021

consecutive month rents have dropped, according to a recent report from
Realtor.com. Although median rents remain 7.8% higher than a year ago, it
represents the smallest year-over-year increase and the slowest annual rate of
growth since June 2021, suggesting the rental market may be cooling after the
record-breaking pace of the last two years.
In the Twin Cities region, for the week ending October 15:
• New Listings decreased 14.0% to 1,266
• Pending Sales decreased 37.3% to 835
• Inventory increased 4.0% to 9,071
For the month of September:
• Median Sales Price increased 6.3% to $362,050
• Days on Market increased 39.1% to 32
• Percent of Original List Price Received decreased 2.3% to 98.9%
• Months Supply of Homes For Sale increased 18.8% to 1.9