Christine Hazel

MENUMENU
  • Home
  • Search
  • Featured Homes
  • For Buyers
    • Free Consultation
    • Mortgage Calculators
    • The Loan Process
    • Mortgage Glossary
    • Finding A Loan Officer
  • For Sellers
    • Free Consultation
  • News
  • About Christine
    • My Solds
    • Meet The Team
  • Contact

Weekly Market Report

August 30, 2021 by Christine Hazel

For Week Ending August 21, 2021

With the last days of summer on the horizon, experts are expecting an unusually busy fall market, as sellers continue putting more homes on the market, hoping to take advantage of record-high sales prices and strong buyer demand. The National Association of REALTORS® reports the median existing home price was up 17.8% year-over-year, and new listings were up 7.3% in July compared to June, defying seasonality trends typically seen in the fall.

In the Twin Cities region, for the week ending August 21:

  • New Listings decreased 5.0% to 1,757
  • Pending Sales decreased 11.0% to 1,454
  • Inventory decreased 19.5% to 7,906

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

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)

  • Calculators
  • Finding A Loan Officer
  • The Loan Process
  • Mortgage Glossary
  • Metro Markets
  • Communities
  • Schools
  • Calculators
  • Finding A Loan Officer
  • The Loan Process
  • Mortgage Glossary
  • Metro Markets
  • Communities
  • Schools

Sign up for eNews & Updates

Get Connected on Social Media

  • Facebook Link
  • Linkedin Link

eNewsletter Archives

Greet me and meet me on social media. You can follow my new listings and changes in the marketplace on any of the following. Follow me.

Navigation

  • Calculators
  • Finding A Loan Officer
  • The Loan Process
  • Mortgage Glossary
  • Metro Markets
  • Communities
  • Schools

Keep in Touch!

Realtor & Housing
Licensed In Minnesota

All information deemed reliable but not guaranteed and should be independently verified.

Copyright © 2023 | Limelight Marketing Systems