Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending June 19, 2021 Quick Facts

Publish Date: June 28, 2021 • All comparisons are to 2020

with only the Midwest reporting higher sales than the previous month, according to
the National Association of REALTORS®, as total existing home sales dropped
0.9% from April to a seasonally-adjusted rate of 5.80 million in May. Lack of
inventory and a decline in affordability continue to be the primary factors for
declining home sales in the U.S., as the real estate industry works with
policymakers to identify solutions to help ease the housing crunch.
In the Twin Cities region, for the week ending June 19:
• New Listings increased 13.2% to 2,054
• Pending Sales decreased 8.0% to 1,511
• Inventory decreased 38.0% to 6,563
For the month of April:
• Median Sales Price increased 16.6% to $344,000
• Days on Market decreased 41.5% to 24
• Percent of Original List Price Received increased 4.4% to 104.0%
• Months Supply of Homes For Sale decreased 50.0% to 1.1