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 14, 2020
Publish Date: March 23, 2020 • All comparisons are to 2019
slightly this week according to Freddie Mac. A combination of an increase in rates
in the bond market and high demand for refinancing and purchase mortgages
contributed to the uptick. Meanwhile, the continued spread of COVID-19 is leading
many companies and consumers to change their daily activities. ShowingTime is
closely monitoring the situation and releasing daily updates on changes in showing
activity: https://www.showingtime.com/im...
In the Twin Cities region, for the week ending March 14:
• New Listings increased 21.7% to 1,713
• Pending Sales increased 16.0% to 1,205
• Inventory decreased 8.7% to 8,364
For the month of February:
• Median Sales Price increased 6.2% to $281,570
• 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