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 April 17, 2021
Publish Date: April 26, 2021 • All comparisons are to 2020
Find out what's happening in Maple Grovefor free with the latest updates from Patch.
market needs 3.8 million more single-family homes nationwide to meet demand.
Sam Khater, Freddie Mac’s chief economist, noted “we should have almost four
million more housing units if we had kept up with demand the last few years.” While
new construction activity has increased in recent years, it has never fully recovered
to its previous peak more than fifteen years ago.
In the Twin Cities region, for the week ending April 17:
• New Listings increased 19.0% to 1,582
• Pending Sales increased 45.3% to 1,481
• Inventory decreased 47.6% to 5,276
For the month of March:
• Median Sales Price increased 10.4% to $328,000
• Days on Market decreased 36.1% to 39
• Percent of Original List Price Received increased 2.7% to 101.9%
• Months Supply of Homes For Sale decreased 55.0% to 0.9