Weekly Market Activity Report for Week Ending March 14 and the Week of March 15 Tags: Market DataWeekly Market Activity Reports


For the most recent market numbers, please see the post:

Measuring the Impact of COVID-19 on Twin Cities Residential Housing Market.

After hitting a record low last week, rates on 30-year fixed-rate mortgages rose
slightly this week according to Freddie Mac. A combination of an increase in rates
in the bond market and high demand for refinancing and purchase mortgages
contributed to the uptick. Meanwhile, the continued spread of COVID-19 is leading
many companies and consumers to change their daily activities. ShowingTime is
closely monitoring the situation and releasing daily updates on changes in showing

In the Twin Cities region, for the week ending March 14:

• New Listings increased 21.7% to 1,713
• Pending Sales increased 16.0% to 1,205
• Inventory decreased 8.7% to 8,364

For the month of February:

• Median Sales Price increased 6.2% to $281,570
• Days on Market decreased 2.9% to 67
• Percent of Original List Price Received increased 0.3% to 98.0%
• Months Supply of Homes For Sale decreased 11.1% to 1.6