photo
  • Home
  • About Us
    • Endorsements
  • Featured Listings
  • Search
  • Sellers
    • Sellers
    • Metro Markets
  • Buyers
    • Buyers
    • Calculators
    • Communities
    • Schools
  • News
  • Contact Duplex King

Weekly Market Report

For Week Ending August 21, 2021

With the last days of summer on the horizon, experts are expecting an unusually busy fall market, as sellers continue putting more homes on the market, hoping to take advantage of record-high sales prices and strong buyer demand. The National Association of REALTORS® reports the median existing home price was up 17.8% year-over-year, and new listings were up 7.3% in July compared to June, defying seasonality trends typically seen in the fall.

In the Twin Cities region, for the week ending August 21:

  • New Listings decreased 5.0% to 1,757
  • Pending Sales decreased 11.0% to 1,454
  • Inventory decreased 19.5% to 7,906

For the month of July:

  • Median Sales Price increased 11.9% to $350,000
  • Days on Market decreased 53.7% to 19
  • Percent of Original List Price Received increased 3.5% to 103.6%
  • Months Supply of Homes For Sale decreased 30.0% to 1.4

All comparisons are to 2020

Click here for the full Weekly Market Activity Report. From MAAR Market Data News.

Weekly Report

Testimonials

Chris has been my go-to realtor for the past decade. He has personally handled more than 15 investme Read More...


- Joshua H.

Thanks again for the great work you did for me. You guys are the best!


- Tom

All information deemed reliable but not guaranteed and should be independently verified.

Powered By WordPress | Copyright 2022 MightyAgent