Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending May 29, 2021
Publish Date: June 7, 2021 • All comparisons are to 2020

decline, with the national delinquency rate falling to 4.66% in its April survey from
5.02% in March. While the continued decline of delinquency rates is a positive sign,
nearly 1.8 million first-lien mortgages remain seriously delinquent, which is 1.3
million more than before the pandemic.
In the Twin Cities region, for the week ending May 29:
• New Listings increased 2.0% to 1,515
• Pending Sales increased 30.6% to 1,673
• Inventory decreased 45.4% to 5,837
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 47.6% to 1.1