Christine Hazel

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Weekly Market Report

June 7, 2021 by Christine Hazel

For Week Ending May 29, 2021

According to Black Knight, mortgage loan delinquency rates are continuing to decline, with the national delinquency rate falling to 4.66% in its April survey from 5.02% in March. While the continued decline of delinquency rates is a positive sign, nearly 1.8 million first-lien mortgages remain seriously delinquent, which is 1.3 million more than before the pandemic.

In the Twin Cities region, for the week ending May 29:

  • New Listings increased 2.0% to 1,515
  • Pending Sales increased 30.6% to 1,673
  • Inventory decreased 45.4% to 5,837

For the month of April:

  • Median Sales Price increased 10.2% to $336,250
  • Days on Market decreased 34.0% to 31
  • Percent of Original List Price Received increased 3.4% to 103.3%
  • Months Supply of Homes For Sale decreased 47.6% to 1.1

All comparisons are to 2020

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

Filed Under: Inventory

Christine Hazel

Christine Hazel is a full-time, dedicated Realtor licensed in Minnesota with more than 10 years of real estate experience and success... (read more)

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