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 March 7, 2020
Publish Date: March 16, 2020 • All comparisons are to 2019
predicts a total of 371,000 new apartments to enter the market in 2020, which
would be the highest level across the country's 150 largest apartment markets in
three decades. Nationwide there is still a significant housing shortage and so
increases in any housing type can help reduce pressure throughout the market.
In the Twin Cities region, for the week ending March 7:
• New Listings increased 31.1% to 1,755
• Pending Sales increased 23.2% to 1,162
• Inventory decreased 11.0% to 8,001
For the month of February:
• Median Sales Price increased 6.2% to $281,500
• Days on Market decreased 2.9% to 67
• Percent of Original List Price Received increased 0.3% to 98.0%
• Months Supply of Homes For Sale decreased 11.1% to 1.6