Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending September 5, 2020 Quick Facts
Publish Date: September 14, 2020 • All comparisons are to 2019

signals the seasonal slowing of the housing market. With more buyers in the market
and the continued constrained supply of homes for sale, speedy sales and multiple
offers are likely to remain a common occurrence and will keep agents and
prospective homebuyers and sellers quite busy this fall.
In the Twin Cities region, for the week ending September 5:
• New Listings decreased 3.4% to 1,669
• Pending Sales increased 40.3% to 1,601
• Inventory decreased 30.2% to 8,942
For the month of July:
• Median Sales Price increased 10.6% to $313,000
• Days on Market increased 7.9% to 41
• Percent of Original List Price Received increased 0.5% to 100.1%
• Months Supply of Homes For Sale decreased 23.1% to 2.0