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 May 23, 2020
Publish Date: June 1, 2020 • All comparisons are to 2019
according to the latest update from Freddie Mac. These near-record low rates have
been a catalyst for the recovering buyer activity in the housing market while sellers
continue to maintain a little more cautious approach.
In the Twin Cities region, for the week ending May 23:
• New Listings decreased 11.7% to 1,668
• Pending Sales decreased 11.0% to 1,453
• Inventory decreased 17.1% to 9,764
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 9.1% to 2.0