Maple Grove Real Estate

Property Valuation

Brad Anderson Homes

Weekly Housing Market Activity Report for the Twin Cities

​For Week Ending September 18, 2021 Quick Facts
Publish Date: September 27, 2021 • All comparisons are to 2020

​Despite increases in new listings in recent months, America is facing an epic
housing shortage, with realtor.com reporting the U.S. needs an additional 5.24
million homes to meet current population needs, an increase of 1.4 million homes
since 2019, as new-home construction has failed to keep up with household
formations. Assuming the rate of household formations continues, the average rate
of new home completions would need to triple over the next 5 – 6 years in order to
meet current demand.
In the Twin Cities region, for the week ending September 18:
• New Listings decreased 10.5% to 1,736
• Pending Sales decreased 18.1% to 1,289
• Inventory decreased 15.0% to 8,287
For the month of August:
• Median Sales Price increased 11.1% to $350,000
• Days on Market decreased 43.6% to 22
• Percent of Original List Price Received increased 2.1% to 102.4%
• Months Supply of Homes For Sale decreased 26.3% to 1.4

​If someone wanted to buy your home, would you sell it? Find out its value in the current market for Free, you can also search for your new home for Free. www.bradandersonhomes.com

Real Estate Search Search all area real estate for sale on one easy-to-use site. Including homes, condos, townhomes, land, and foreclosure properties for sale.

Property Valuation ATTENTION HOME OWNERS!
Click here to use my FREE service to see your property's current market value