Real Estate
Weekly Housing Market Activity Report for the Twin Cities
Weekly Housing Market Activity Report for the Twin Cities
Weekly Housing Market Activity Report for the Twin Cities
For Week Ending January 18, 2020
Publish Date: January 27, 2020 • All comparisons are to 2019
rose 16% last week, reaching its highest level since 2009. Applications to refinance
also grew, increasing a stunning 43% last week and are 109% higher than a year
ago, the MBA reports. The sharp increases in both purchase and refinance
applications are spurred by lower rates providing incentives for both buyers and
existing homeowners to act.
In the Twin Cities region, for the week ending January 18:
• New Listings decreased 14.3% to 904
• Pending Sales increased 2.5% to 734
• Inventory decreased 14.3% to 7,770
For the month of December:
• Median Sales Price increased 8.2% to $279,000
• Days on Market decreased 1.8% to 56
• Percent of Original List Price Received increased 0.5% to 97.3%
• Months Supply of Homes For Sale decreased 21.1% to 1.5