Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending February 20, 2021

Publish Date: March 1, 2021 • All comparisons are to 2020

rate rose to 2.81%, its highest point since mid-November, but still far lower than the
3.49% average from the same time last year. Interest rates may rise further in
coming weeks, but according to Freddie Mac chief economist Sam Khater, “while
there are multiple temporary factors driving up rates, the underlying economic
fundamentals point to rates remaining in the low 3 percent range for the year.”
In the Twin Cities region, for the week ending February 20:
• New Listings decreased 21.1% to 1,032
• Pending Sales decreased 4.6% to 1,026
• Inventory decreased 41.7% to 4,884
For the month of January:
• 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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