Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending July 4, 2020
Publish Date: July 13, 2020 • All comparisons are to 2019

continue to be high with many properties receiving multiple offers. Holiday weeks
often provide a short reprieve from the normal busy summer selling season as
buyers and sellers take a few days to focus on festivities before turning their focus
back to real estate the following week.
In the Twin Cities region, for the week ending July 4:
• New Listings increased 20.4% to 1,257
• Pending Sales increased 17.9% to 1,466
• Inventory decreased 25.3% to 9,624
For the month of May:
• Median Sales Price increased 3.5% to $294,900
• Days on Market decreased 8.9% to 41
• Percent of Original List Price Received decreased 0.4% to 99.6%
• Months Supply of Homes For Sale decreased 16.0% to 2.1