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Weekly Market Report

February 21, 2022 by Al and Patti Iverson

For Week Ending February 12, 2022

Freddie Mac reports the 30-year fixed-rate mortgage averaged 3.69% the week ending February 10, up 14 basis points from a week earlier and a full point higher than the record low of 2.65% at the beginning of 2021. Rising interest rates and increasing housing prices continue to impact affordability, and buyer sentiment is softening as a result, with the mortgage application Purchase Index falling 7% from the same week last year, according to the Mortgage Bankers Association.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING FEBRUARY 12:

  • New Listings decreased 12.1% to 1,040
  • Pending Sales decreased 9.1% to 910
  • Inventory decreased 20.0% to 4,371

FOR THE MONTH OF JANUARY:

  • Median Sales Price increased 10.6% to $332,950
  • Days on Market decreased 2.4% to 41
  • Percent of Original List Price Received increased 0.1% to 99.6%
  • Months Supply of Homes For Sale decreased 20.0% 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
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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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$ 1,279,000 - Edina MN 55436
5320 Ayrshire Boulevard
3 beds, 3 baths
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$ 359,900 - Crystal MN 55427
6426 Markwood Drive N
3 beds, 2 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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