Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending November 14, 2020
Publish Date: November 23, 2020 • All comparisons are to 2019

availability increased in October, the first increase since July. Increasing credit
availability means that lending standards are loosening, albeit slightly. Overall,
credit availability increased for low credit scores and higher LTV loans, with
convention credit supply increasing 5.1 percent, while government credit supply
was effectively flat. Although the October increase was welcome news, credit
availability remains near lows last seen in 2014.
In the Twin Cities region, for the week ending November 14:
• New Listings decreased 6.3% to 981
• Pending Sales increased 4.8% to 1,096
• Inventory decreased 32.3% to 8,004
For the month of October:
• Median Sales Price increased 12.5% to $315,000
• Days on Market decreased 23.9% to 35
• Percent of Original List Price Received increased 2.4% to 100.5%
• Months Supply of Homes For Sale decreased 36.0% to 1.6