Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending July 25, 2020 Quick Facts
Publish Date: August 3, 2020 • All comparisons are to 2019

applications was 19 percent higher than the same week one year ago. Continued
high levels of home purchase mortgage applications suggests that home buyer
interest and activity will remain strong in the coming weeks.
In the Twin Cities region, for the week ending July 25:
• New Listings increased 0.7% to 1,777
• Pending Sales increased 8.8% to 1,499
• Inventory decreased 28.7% to 9,303
For the month of June:
• Median Sales Price increased 5.2% to $305,000
• Days on Market increased 2.4% to 42
• Percent of Original List Price Received decreased 0.4% to 99.6%
• Months Supply of Homes For Sale decreased 25.9% to 2.0