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 27, 2021 Quick Facts
Publish Date: March 8, 2021 • All comparisons are to 2020
Find out what's happening in Maple Grovefor free with the latest updates from Patch.
of existing homes up 14.1% in January 2021 from the same time last year. Sales
were also up, with January’s seasonally-adjusted annual existing home sales
climbing 23.7% from the year before. Low supply of homes for sale continues to be
an issue as “sales easily could have been even 20% higher if there had been more
inventory and more choices," according to NAR chief economist Lawrence Yun.
In the Twin Cities region, for the week ending February 27:
• New Listings decreased 15.8% to 1,211
• Pending Sales increased 4.0% to 1,104
• Inventory decreased 43.4% to 4,783
For the month of January:
• Median Sales Price increased 11.1% to $300,000
• 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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