Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending October 3, 2020 Quick Facts
Publish Date: October 12, 2020 • All comparisons are to 2019

While buyer activity is following its normal seasonal trend lower, it remains
substantially higher than the same time last year, continuing a months-long trend.
Strong buyer demand continues to draw down the available inventory of homes for
sale at a rapid pace, leaving buyers with fewer homes to choose from and many
sellers with multiple offers.
In the Twin Cities region, for the week ending October 3:
• New Listings increased 10.4% to 1,702
• Pending Sales increased 19.1% to 1,493
• Inventory decreased 29.7% to 9,234
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