Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending February 6, 2021

Publish Date: February 15, 2021 • All comparisons are to 2020

Spending Report, which details trends in homeowner improvement projects.
Among survey participants, the total spending on home projects rose from an
average of $9,078 in 2019, to an average of $13,138 in 2020. The more than $4,000
increase in average expenditure was likely due to an increase in the amount of work
completed as well as the increased supply and labor costs due to COVID-19.
In the Twin Cities region, for the week ending February 6:
• New Listings decreased 16.6% to 1,117
• Pending Sales increased 9.9% to 1,068
• Inventory decreased 41.0% to 4,873
For the month of December:
• Median Sales Price increased 11.5% to $301,000
• Days on Market decreased 37.3% to 42
• Percent of Original List Price Received increased 2.6% to 99.5%
• Months Supply of Homes For Sale decreased 47.1% to 0.9

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