Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending January 2, 2021
Publish Date: January 11, 2021 • All comparisons are to 2020

housing in their new year resolutions. While ongoing unemployment claims are still
elevated, it is less than one quarter of what it was at its high during the early days of
the pandemic. With interest rates remaining near record lows, the stock market near
record highs, and inventory of homes available still constrained in most segments of
the market, the year is setting up to be another filled with strong demand and
limited supply.
In the Twin Cities region, for the week ending January 2:
• New Listings decreased 25.8% to 519
• Pending Sales increased 17.0% to 653
• Inventory decreased 38.1% to 5,511
For the month of November:
• Median Sales Price increased 10.7% to $310,000
• Days on Market decreased 33.3% to 34
• Percent of Original List Price Received increased 2.8% to 100.2%
• Months Supply of Homes For Sale decreased 40.9% to 1.3