Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending November 19, 2022
Publish Date: November 28, 2022 • All comparisons are to 2021

home sales to slow. According to Realtor.com’s Monthly Housing Market Trends
Report, the national inventory of active listings increased 33.5% year-over-year in
October, the highest inventory level since 2020. As a result, local buyers may find
they have more options to choose from, and with homes spending more days on
market compared to the same period last year, a bit more time to shop around as
well.
In the Twin Cities region, for the week ending November 19:
• New Listings decreased 1.8% to 975
• Pending Sales decreased 42.6% to 671
• Inventory increased 11.6% to 8,536
For the month of October:
• Median Sales Price increased 4.6% to $355,500
• Days on Market increased 33.3% to 36
• Percent of Original List Price Received decreased 2.0% to 98.3%
• Months Supply of Homes For Sale increased 26.7% to 1.9