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Weekly Market Report


For Week Ending September 19, 2020

In the latest National Association of Home Builders / Wells Fargo Housing Market Index report released this week, home builder confidence in the market for newly-built single-family homes rose five points from 78 in August to 83 in September, tying an all-time high in the 35-year history of the index. While lumber prices are up 170% from mid-April, adding more than $16,000 to the price of a typical new single-family home, strong demand by homebuyers has buoyed builders’ outlook.

In the Twin Cities region, for the week ending September 19:

  • New Listings increased 8.6% to 1,854
  • Pending Sales increased 25.8% to 1,527
  • Inventory decreased 31.2% to 9,076

For the month of August:

  • Median Sales Price increased 9.8% to $315,000
  • Days on Market decreased 4.9% to 39
  • Percent of Original List Price Received increased 1.3% to 100.3%
  • Months Supply of Homes For Sale decreased 30.8% to 1.8

All comparisons are to 2019

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

Weekly Report

Marty Siegel REALTOR, CRS,GRI

Direct: 952.844.6156
Cell: 612.670.3839
E-mail: TCRealtor@aol.com
Coldwell Banker Realty
7550 France Ave. S
Edina, MN 55435
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All information deemed reliable but not guaranteed and should be independently verified.

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