Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending November 21, 2020
Publish Date: November 30, 2020 • All comparisons are to 2019

again in October, the fifth monthly increase in a row. Total existing-home sales
increased 4.3% from September, rising to a seasonally adjusted annual rate of 6.85
million homes, and marking the highest home sales level in 15 years. While home
sales activity slows during the holiday season, overall buyer demand remains
strong.
In the Twin Cities region, for the week ending November 21:
• New Listings increased 5.2% to 990
• Pending Sales increased 8.8% to 1,093
• Inventory decreased 33.5% to 7,604
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