Mark Behlen

TitanServer3

 mark@markbehlen.com
 612-925-5900
  • Townhomes For Sale
  • Search
  • Market Trends
    • Closing Chart
    • Pending Chart
    • Supply Chart
    • Inventory Chart
    • DOM Chart
    • DOM Residential by Price Chart
    • DOM TH Chart
    • DOM TH by City Chart
    • DOM TH by Metro-City Chart
    • DOM Metro Chart
    • DOM Metro Chart All
  • Resources
    • Sellers
    • Buyers
  • Contact
  • Logan
  • Brookside

Weekly Market Report

October 20, 2022 by Mark Behlen Leave a Comment

For Week Ending October 8, 2022

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXMortgage application activity nationwide recently dropped to its lowest pace in 25 years, according to the Mortgage Bankers Association (MBA), with purchase and refinance applications down considerably compared to this time last year, when mortgage rates were hovering around 3%. The sharp increase in rates has caused mortgage applications for purchase to decline 39% compared to the same week a year ago.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING OCTOBER 8:

  • New Listings decreased 16.8% to 1,260
  • Pending Sales decreased 40.2% to 812
  • Inventory increased 1.7% to 8,959

FOR THE MONTH OF SEPTEMBER:

  • Median Sales Price increased 6.3% to $362,100
  • Days on Market increased 39.1% to 32
  • Percent of Original List Price Received decreased 2.3% to 98.9%
  • Months Supply of Homes For Sale increased 18.8% to 1.9

All comparisons are to 2021

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

Filed Under: Uncategorized

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • The 30-Year Fixed-Rate Mortgage Continues its Downward Trend
  • May Monthly Skinny Video
  • Brookside
  • New Listings and Pending Sales
  • Inventory

Recent Comments

    CB Logo

    Get a free Comparative Market Analysis and Marketing Plan for your home.

    Free CMA

    Navigation

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

    Let’s stay in touch…

    Realtor & Housing
    Licensed In Minnesota

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

    By searching you agree to the end user license agreement.

    DMCA Copyright Notice.

    Copyright © 2025 | MSLLC

    • Townhomes For Sale
    • Search
    • Market Trends
      • Closing Chart
      • Pending Chart
      • Supply Chart
      • Inventory Chart
      • DOM Chart
      • DOM Residential by Price Chart
      • DOM TH Chart
      • DOM TH by City Chart
      • DOM TH by Metro-City Chart
      • DOM Metro Chart
      • DOM Metro Chart All
    • Resources
      • Sellers
      • Buyers
    • Contact
    • Logan
    • Brookside