Bruce Erickson

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Gain from experience

Over fifteen years of real estate experience in Minneapolis ans surrounding communities.

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Weekly Market Report

January 24, 2022 by nimdaerickson

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

$ 209,900 - Maple Grove MN 55369
429 Eagle Lake Drive
2 beds, 1 baths
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$ 1,495,000 - Wayzata MN 55391
480 Hillside Drive
5 beds, 5 baths
View Details
$ 799,000 - Golden Valley MN 55426
365 Laurel Curve
4 beds, 3 baths
View Details

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