Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending May 8, 2021 Quick Facts

Publish Date: May 17, 2021 • All comparisons are to 2020

seasonally adjusted delinquency rate of one-to-four unit residential properties
decreased to 6.38 percent of all loans outstanding in Q1 2021, which is 35 basis
points lower than Q4 2020 but still 202 basis points higher than the same time last
year. The COVID-19 induced delinquency rate peaked in Q2 2020 at 8.22 percent
and over the last three quarters has experienced the quickest decline in the history
of the survey. Although delinquencies remain elevated, the continued declines are
encouraging and are expected to continue.
In the Twin Cities region, for the week ending May 8:
• New Listings increased 0.7% to 1,829
• Pending Sales increased 24.5% to 1,571
• Inventory decreased 47.0% to 5,524
For the month of April:
• Median Sales Price increased 10.5% to $337,000
• Days on Market decreased 34.0% to 31
• Percent of Original List Price Received increased 3.5% to 103.4%
• Months Supply of Homes For Sale decreased 52.4% to 1.0

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