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 25, 2020
Publish Date: February 3, 2020 • All comparisons are to 2019
2018. According to the report, rent prices started climbing in 2010 and have
stabilized around an annualized rate of 3% since early 2019. With the cost of rent
continuing to trend upward, it makes sense that many are considering paying their
own mortgage, instead of their landlord's, by becoming first-time homeowners.
In the Twin Cities region, for the week ending January 25:
• New Listings decreased 5.2% to 916
• Pending Sales decreased 0.9% to 795
• Inventory decreased 14.9% to 7,751
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 15.8% to 1.6