Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending April 11, 2020
Publish Date: April 20, 2020 • All comparisons are to 2019

another 6.6 million workers filed last week and revised the prior week's claims up
by 219,000 to nearly 6.9 million. Millions of additional initial jobless claims are likely
to be reported in the next few weeks as the full impact of shelter-in-place policies
becomes apparent. Meanwhile, Freddie Mac reported that the average 30-year
fixed-rate mortgages rate remained flat at 3.33% this week, down from an average
of 4.12% a year ago.
In the Twin Cities region, for the week ending April 11:
• New Listings decreased 30.4% to 1,210
• Pending Sales decreased 21.0% to 1,000
• Inventory decreased 11.3% to 8,928
For the month of March:
• Median Sales Price increased 8.0% to $297,000
• Days on Market decreased 9.1% to 60
• Percent of Original List Price Received increased 0.6% to 99.2%
• Months Supply of Homes For Sale decreased 10.0% to 1.8