Weekly Market Activity Report for Week Ending June 22 Tags: Market DataWeekly Market Activity Reports

The number of homes for sale continues to increase nationwide, with reporting there were 35.2% more homes for sale on a typical day in May compared to the same time last year, marking the seventh consecutive month of annual inventory growth. In fact, from January through May, inventory was at its highest level since 2020, although it is still down considerably from normal 2017 – 2019 levels.

In the Twin Cities region, for the week ending June 22:

• New Listings decreased 1.0% to 1,523
• Pending Sales decreased 3.7% to 1,077
• Inventory increased 12.1% to 9,063

For the month of May:

• Median Sales Price increased 4.1% to $385,000
• Days on Market increased 7.1% to 41
• Percent of Original List Price Received decreased 1.1% to 100.0%
• Months Supply of Homes For Sale increased 21.1% to 2.3