Christine Hazel

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Weekly Market Report

February 7, 2022 by Christine Hazel

For Week Ending January 29, 2022

Home seller profits increased in more than 90% of housing markets last year, the highest level since 2008, according to ATTOM Data Solutions’ Year-End 2021 U.S. Home Sales Report. On average, sellers saw a profit of $94,092 on a typical median-priced home in 2021, an increase of 45% from 2020 and up 71% from 2019. Sellers saw a 45.3% return on investment compared to the original purchase price, with the highest profits found among sellers in western states.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JANUARY 29:

  • New Listings decreased 17.8% to 850
  • Pending Sales decreased 12.8% to 826
  • Inventory decreased 21.2% to 4,432

FOR THE MONTH OF DECEMBER:

  • Median Sales Price increased 7.9% to $331,270
  • Days on Market decreased 12.8% to 34
  • Percent of Original List Price Received decreased 0.2% to 99.5%
  • Months Supply of Homes For Sale decreased 18.2% to 0.9

All comparisons are to 2021

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

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