Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending March 6, 2021
Publish Date: March 15, 2021 • All comparisons are to 2020
With the spring market well underway, buyer activity remains very robust and hotproperties continue to frequently encounter bidding wars. While mortgage rates
have ticked up over 3% for the first time since last July, the incremental increase is
unlikely to have a substantial effect on buyer demand.
In the Twin Cities region, for the week ending March 6:
• New Listings decreased 21.8% to 1,433
• Pending Sales decreased 1.7% to 1,130
• Inventory decreased 44.6% to 4,818
For the month of February:
• Median Sales Price increased 11.5% to $314,000
• Days on Market decreased 31.3% to 46
• Percent of Original List Price Received increased 2.1% to 100.1%
• Months Supply of Homes For Sale decreased 47.1% to 0.9
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