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Weekly Market Report

October 11, 2021 by Al and Patti Iverson

For Week Ending October 2, 2021

Soaring sales prices have brought about significant gains in home equity during the pandemic, with the average annual equity increase for borrowers reaching $51,550 in the second quarter of the year, according to CoreLogic, which represents the largest average equity gain in more than 11 years. The rapid accumulation of equity may help homeowners who are behind on payments avoid foreclosure, allowing borrowers to access their equity and sell their home instead.

In the Twin Cities region, for the week ending October 2:

  • New Listings decreased 13.6% to 1,547
  • Pending Sales decreased 14.4% to 1,349
  • Inventory decreased 14.8% to 8,440

For the month of August:

  • Median Sales Price increased 11.1% to $350,000
  • Days on Market decreased 43.6% to 22
  • Percent of Original List Price Received increased 2.1% to 102.4%
  • Months Supply of Homes For Sale decreased 26.3% to 1.4

All comparisons are to 2020

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

Filed Under: Weekly Report

  • Calculators
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  • The Loan Process
  • Mortgage Glossary
  • Markets Updates
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$ 649,900 - Eden Prairie MN 55344
6549 Cherokee Trail W
5 beds, 4 baths
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$ 649,900 - Eden Prairie MN 55347
15763 Village Woods Drive
5 beds, 4 baths
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$ 339,900 - Zimmerman MN 55398
10090 259th Avenue NW
5 beds, 2 baths
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$ 189,900 - Bloomington MN 55420
9600 Portland Avenue S
2 beds, 2 baths
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$ 215,000 - Minneapolis MN 55401
401 1st Street
0 beds, 1 baths
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$ 900,000 - Wood Lake MN 56297
1793 550th Street
9 beds, 9 baths
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$ 219,900 - Circle Pines MN 55014
109 South Drive
2 beds, 2 baths
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$ 384,900 - Minneapolis MN 55408
3443 Hennepin Avenue
3 beds, 3 baths
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$ 3,600,000 - Medina MN 55356
2455 County Road 24
6 beds, 8 baths
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$ 1,279,000 - Edina MN 55436
5320 Ayrshire Boulevard
3 beds, 3 baths
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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.



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