Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending May 9, 2020
Publish Date: May 18, 2020 • All comparisons are to 2019

Underwater Report, showing that just over one in four homeowners have at least
50% equity in their homes. The Mortgage Bankers Association reported that
mortgage applications were up again last week, which is further sign of strengthing
buyer interest as much of the country sees a gradual softening of stay-at-home
orders due to COVID-19.
In the Twin Cities region, for the week ending May 9:
• New Listings decreased 17.3% to 1,727
• Pending Sales decreased 22.6% to 1,232
• Inventory decreased 13.5% to 9,550
For the month of April:
• Median Sales Price increased 8.9% to $305,000
• Days on Market decreased 17.5% to 47
• Percent of Original List Price Received increased 0.5% to 99.9%
• Months Supply of Homes For Sale decreased 13.6% to 1.9