Weekly Housing Market Activity Report for the Twin Cities

Weekly Housing Market Activity Report for the Twin Cities

For Week Ending January 9, 2021
Publish Date: January 18, 2021 • All comparisons are to 2020

Survey reported that 5.53% of mortgage loans remained in forbearance as of
December 27, 2020. While the forbearance rate is down significantly from its
highest levels in 2020, the MBA estimates the current rate represents 2.7 million
homeowners currently in forbearance plans.
In the Twin Cities region, for the week ending January 9:
• New Listings decreased 8.3% to 927
• Pending Sales increased 1.3% to 636
• Inventory decreased 39.8% to 5,098
For the month of December:
• Median Sales Price increased 10.0% to $307,000
• Days on Market decreased 30.4% to 39
• Percent of Original List Price Received increased 2.5% to 99.7%
• Months Supply of Homes For Sale decreased 47.1% to 0.9