Barb Duthler

612-558-1084

MENUMENU
  • Home
  • Search
  • Listings
  • Resources
    • Sellers
    • Buyers
    • HPLD Association News
    • Hale Elementary School
    • Lake Nokomis
  • About Barb
  • Contact
  • Reviews

Weekly Market Report

September 29, 2022 by Barb Duthler

For Week Ending September 17, 2022

Mortgage rates topped 6% the week ending 9/15, as hotter-than-expected inflation helped push rates to their highest level since 2008 amid growing recession concerns. According to Freddie Mac, mortgage rates are now double what they were this time last year, squeezing homebuyer budgets and causing home sales to slow under the weight of rising borrowing costs.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING SEPTEMBER 17:

  • New Listings decreased 20.5% to 1,424
  • Pending Sales decreased 31.3% to 908
  • Inventory increased 1.3% to 8,962

FOR THE MONTH OF AUGUST:

  • Median Sales Price increased 5.7% to $369,900
  • Days on Market increased 22.7% to 27
  • Percent of Original List Price Received decreased 2.4% to 99.9%
  • Months Supply of Homes For Sale increased 20.0% to 1.8

All comparisons are to 2021

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

Filed Under: Weekly Report

  • Calculators
  • Finding A Loan Officer
  • The Loan Process
  • Mortgage Glossary
  • Metro Markets
  • Communities
  • Schools
Barb Duthler

Greet me and meet me on social media. You can follow my new listings and changes in the marketplace on any of the following. Follow me.

  • Facebook
  • Instagram
  • Twitter

Navigation

  • Calculators
  • Finding A Loan Officer
  • The Loan Process
  • Mortgage Glossary
  • Metro Markets
  • Communities
  • Schools

Keep in Touch!

Copyright © 2019 | MSLLC.