Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending March 27, 2021 Quick Facts
Publish Date: April 5, 2021 • All comparisons are to 2020

have moved higher in recent weeks as well. Freddie Mac reports that the national
average rate for a 30-year fixed-rate mortgage rose to 3.17% with an average of .6
points. While rates are still below the average of 3.5% for the same week last year,
the year over year comparison has been tightening in recent weeks.
In the Twin Cities region, for the week ending March 27:
• New Listings decreased 3.8% to 1,479
• Pending Sales increased 15.5% to 1,327
• Inventory decreased 49.0% to 4,992
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