Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending September 19, 2020 Quick Facts
Publish Date: September 28, 2020 • All comparisons are to 2019

Index report released this week, home builder confidence in the market for newlybuilt single-family homes rose five points from 78 in August to 83 in September,
tying an all-time high in the 35-year history of the index. While lumber prices are up
170% from mid-April, adding more than $16,000 to the price of a typical new singlefamily home, strong demand by homebuyers has buoyed builders’ outlook.
In the Twin Cities region, for the week ending September 19:
• New Listings increased 8.6% to 1,854
• Pending Sales increased 25.8% to 1,527
• Inventory decreased 31.2% to 9,076
For the month of August:
• Median Sales Price increased 9.8% to $315,000
• Days on Market decreased 4.9% to 39
• Percent of Original List Price Received increased 1.3% to 100.3%
• Months Supply of Homes For Sale decreased 30.8% to 1.8