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Real Estate

Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending February 13, 2021
Publish Date: February 22, 2021 • All comparisons are to 2020

The Mortgage Bankers Association’s most recent National Delinquency Survey

reported that the delinquency rate for mortgage loans on one-to-four unit residential
properties declined to a seasonally adjusted rate of 6.73 percent of all loans
outstanding in Q4 2020. The percent of loans delinquent was down nearly one
percent from Q3 2020, but still up nearly three percent from one year ago.
In the Twin Cities region, for the week ending February 13:
• New Listings decreased 6.6% to 1,120
• Pending Sales decreased 3.6% to 981
• Inventory decreased 42.3% to 4,833
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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