The Iverson Group

REALTOR®

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

Weekly Market Report

January 18, 2022 by Al and Patti Iverson

For Week Ending January 8, 2022

Mortgage rates rose to their highest level since May 2020, with the 30-year fixed rate mortgage averaging 3.22% during the first week of 2022, more than half a percent higher than January 2021. The increase in interest rates has had little effect on buyer demand, which remains high into the new year, as purchase loan applications were up 1.4% on a seasonally adjusted basis the same week, according to the Mortgage Bankers Association’s Market Composite Index.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JANUARY 8:

  • New Listings decreased 16.2% to 814
  • Pending Sales decreased 19.1% to 541
  • Inventory decreased 22.5% to 4,493

FOR THE MONTH OF DECEMBER:

  • Median Sales Price increased 7.9% to $331,200
  • Days on Market decreased 15.4% to 33
  • 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