The Iverson Group

REALTOR®

The Iverson Realty Group
MENUMENU
  • Home
  • Testimonials
  • Our Listings
  • Search
  • Patti’s List
  • Meet The Team
  • Contact

Weeklly Market Report

February 1, 2022 by Al and Patti Iverson

For Week Ending January 22, 2022

With a shortage of options and bidding wars reaching an all-time high last year, an increasing number of buyers waived financing, appraisal, and inspection contingencies in hopes of making their offers more attractive to sellers. That number has been trending downward in recent months, according to the National Association of REALTORS® December 2021 REALTORS® Confidence Index Survey, which reports that while 79% of buyers waived a contract contingency in June 2021, only 60% of buyers did so in December.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JANUARY 22:

  • New Listings decreased 10.9% to 845
  • Pending Sales decreased 15.6% to 767
  • Inventory decreased 21.5% to 4,491

FOR THE MONTH OF DECEMBER:

  • Median Sales Price increased 7.9% to $331,100
  • Days on Market decreased 12.8% to 34
  • Percent of Original List Price Received decreased 0.2% to 99.5%
  • Months Supply of Homes For Sale decreased 27.3% to 0.8

All comparisons are to 2021

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

Filed Under: Weekly Report

  • Calculators
  • Finding A Loan Officer
  • The Loan Process
  • Mortgage Glossary
  • Markets Updates
  • Area Links
$ 649,900 - Eden Prairie MN 55344
6549 Cherokee Trail W
5 beds, 4 baths
View Details
$ 649,900 - Eden Prairie MN 55347
15763 Village Woods Drive
5 beds, 4 baths
View Details
$ 339,900 - Zimmerman MN 55398
10090 259th Avenue NW
5 beds, 2 baths
View Details
$ 189,900 - Bloomington MN 55420
9600 Portland Avenue S
2 beds, 2 baths
View Details
$ 215,000 - Minneapolis MN 55401
401 1st Street
0 beds, 1 baths
View Details
$ 900,000 - Wood Lake MN 56297
1793 550th Street
9 beds, 9 baths
View Details
$ 219,900 - Circle Pines MN 55014
109 South Drive
2 beds, 2 baths
View Details
$ 384,900 - Minneapolis MN 55408
3443 Hennepin Avenue
3 beds, 3 baths
View Details
$ 1,279,000 - Edina MN 55436
5320 Ayrshire Boulevard
3 beds, 3 baths
View Details
$ 359,900 - Crystal MN 55427
6426 Markwood Drive N
3 beds, 2 baths
View Details
Stay in touch!

Email us with any questions you have or just to say hello.

The Iverson Realty Group

Coldwell Banker Realty
17305 Cedar Ave S, Ste 100
Lakeville, MN 55044

Realtor & Housing

Licensed In Minnesota

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



Powered by WordPress | © MSLLC

Copyright © 2022 · Genesis Child on Genesis Framework · WordPress · Log in