Weekly Market Report

For Week Ending April 10, 2021

Home prices are not the only rising cost for prospective homebuyers. ATTOM Data Solutions’ latest property tax analysis of nearly 87 million single-family homes in the U.S. found the average property tax bill rose 4.4 percent from 2019 to 2020, to an average of $3,719 for a single-family home. Nationwide, the average effective tax rate was 1.1% of the property’s value in 2020, down slightly from 1.14% in 2019.

In the Twin Cities region, for the week ending April 10:

  • New Listings increased 27.1% to 1,658
  • Pending Sales increased 20.8% to 1,249
  • Inventory decreased 49.3% to 5,086

For the month of March:

  • Median Sales Price increased 10.4% to $328,000
  • Days on Market decreased 36.1% to 39
  • Percent of Original List Price Received increased 2.7% to 101.9%
  • Months Supply of Homes For Sale decreased 52.6% to 0.9

All comparisons are to 2020

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