Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending May 15, 2021 Quick Facts

Publish Date: May 24, 2021 • All comparisons are to 2020

the U.S. Department of Housing and Urban Development and the U.S. Census
Bureau reporting a 9.5% decrease in housing starts from the previous month.
Rising building costs continue to hinder affordability and inventory for many
homebuyers, although shortages in labor, issues with the U.S. supply chain, and
lasting impact from late winter storms have also contributed to the decline in new
construction activity, putting some projects on pause for the time being.
In the Twin Cities region, for the week ending May 15:
• New Listings increased 13.8% to 1,926
• Pending Sales increased 13.5% to 1,573
• Inventory decreased 45.8% to 5,765
For the month of April:
• Median Sales Price increased 10.2% to $336,250
• Days on Market decreased 34.0% to 31
• Percent of Original List Price Received increased 3.4% to 103.3%
• Months Supply of Homes For Sale decreased 52.4% to 1.0