Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending June 26, 2021 Quick Facts

Publish Date: July 6, 2021 • All comparisons are to 2020

week ending June 26, down 51,000 from the previous week’s revised total and the
lowest level for initial jobless claims since the pandemic began. Nationwide, the
existing-home median sales price set a new record high of $350,300, a 23.6% yearover-year increase, according to the National Association of REALTORS®. Some
economists are predicting an increased supply of homes for sale in coming months,
which may help to moderate home price increases later in the year.
In the Twin Cities region, for the week ending June 26:
• New Listings increased 5.4% to 1,827
• Pending Sales decreased 3.9% to 1,598
• Inventory decreased 34.2% to 6,898
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