Real Estate
Weekly Housing Market Activity Report for the Twin Cities
Weekly Housing Market Activity Report for the Twin Cities
Weekly Housing Market Activity Report for the Twin Cities
For Week Ending January 16, 2021
Publish Date: January 25, 2021 • All comparisons are to 2020
mortgage averaged 2.79% with .7 points. That is up slightly from the record lows
seen last week, but almost one percent lower than the same week a year ago.
Rates are expected to increase slightly this year, with the National Association of
REALTORS® expecting rates to average 3.1 percent in 2021, and the Mortgage
Bankers Association estimating an average of 3.3 percent.
In the Twin Cities region, for the week ending January 16:
• New Listings increased 0.8% to 929
• Pending Sales increased 7.4% to 815
• Inventory decreased 40.2% to 5,125
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 41.2% to 1.0