The Iverson Group

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Weekly Market Report

January 24, 2022 by Al and Patti Iverson

For Week Ending January 15, 2022

As the U.S. economy recovers from the pandemic, the number of homeowners in forbearance continues to decline, with the total number of loans in forbearance falling to 1.41% as of last measure, making it the first time in 18 months the rate has dropped below 1.5%, according to the Mortgage Bankers Association.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JANUARY 15:

  • New Listings decreased 18.5% to 790
  • Pending Sales decreased 15.0% to 722
  • Inventory decreased 23.2% to 4,463

FOR THE MONTH OF DECEMBER:

  • Median Sales Price increased 7.8% to $331,000
  • 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

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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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