Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending January 21, 2023 Quick Facts
Publish Date: January 30, 2023 • All comparisons are to 2022

to slow amid higher mortgage rates and elevated home prices. According to
Realtor.com’s December Housing Report, inventory rose in 49 out of the 50 largest
metros annually, with active listings up 54.7% compared to the same period in
2021. Time on market is also increasing nationally, with the typical home spending
67 days on market as of last measure, 11 more days compared to December 2021.
In the Twin Cities region, for the week ending January 21:
• New Listings decreased 21.3% to 700
• Pending Sales decreased 15.3% to 643
• Inventory increased 21.0% to 6,083
For the month of December:
• Median Sales Price increased 5.1% to $348,320
• Days on Market increased 47.1% to 50
• Percent of Original List Price Received decreased 3.2% to 96.3%
• Months Supply of Homes For Sale increased 55.6% to 1.4