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Weekly Market Report

June 1, 2021 by Jeff Martineau

For Week Ending May 22, 2021

A new analysis from Realtor.com® found that 20% of home sales nationwide in the first two months of this year were purchased in cash, up about 5% from a year ago. The substantial increase in cash buyers can be partially attributed to the competitiveness of the housing market, where a cash offer can help a buyer’s offer stand out from competing offers. Meanwhile, for buyers that do need to finance their purchase, mortgage rates on a 30-year fixed-rate mortgage averaged just 3% last week.

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

  • New Listings increased 1.1% to 1,818
  • Pending Sales increased 7.5% to 1,625
  • Inventory decreased 45.1% to 5,838

For the month of April:

  • Median Sales Price increased 10.4% to $336,845
  • Days on Market decreased 34.0% to 31
  • Percent of Original List Price Received increased 3.4% to 103.3%
  • Months Supply of Homes For Sale decreased 52.4% to 1.0

All comparisons are to 2020

Click here for the full Weekly Market Activity Report. From MAAR Market Data News.

Filed Under: Weekly Report

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Mark J Duevel
Coldwell Banker Realty
Wayzata Office
235 Lake Street East, Suite 100
Wayzata, MN 55391-1774

952.473.3000 (Office )
612.963.7128 (Mobile)
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Jeff L Martineau
Coldwell Banker Realty
Wayzata Office
235 Lake Street East, Suite 100
Wayzata, MN 55391-1774

952.473.3000 (Office )
952.210.2626 (Mobile)


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

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