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Weekly Market Report

August 16, 2021 by Al and Patti Iverson

For Week Ending August 7, 2021

America’s housing shortage may be starting to ease up, with new listings up 6.5% year-over-year in July, making it the fourth consecutive month of annual increases, according to realtor.com’s Monthly Housing Report. More than half of the nation’s 50 largest metropolitan areas reported double-digit increases in new listings, which may suggest the market is beginning to normalize after the record-breaking activity seen during the pandemic.

In the Twin Cities region, for the week ending August 7:

  • New Listings increased 1.7% to 1,939
  • Pending Sales decreased 18.6% to 1,414
  • Inventory decreased 23.1% to 7,605

For the month of July:

  • Median Sales Price increased 11.9% to $350,000
  • Days on Market decreased 53.7% to 19
  • Percent of Original List Price Received increased 3.5% to 103.6%
  • Months Supply of Homes For Sale decreased 30.0% to 1.4

All comparisons are to 2020

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

Filed Under: Inventory

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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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