Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending October 29, 2022 Quick Facts
Publish Date: November 7, 2022 • All comparisons are to 2021

nationwide. According to ATTOM, profit margins on median-priced single-family
home and condo sales fell 3% from the second to the third quarter of 2022 in nearly
70% of the 186 metropolitan areas tracked, representing the largest quarterly
decline since 2011. Despite the drop, investment returns remain historically high,
with profits up compared to the same period last year.
In the Twin Cities region, for the week ending October 29:
• New Listings decreased 21.7% to 1,055
• Pending Sales decreased 41.2% to 794
• Inventory increased 5.4% to 9,015
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