JH Callahan

Twin Cities Real Estate

Residential Commercial Investment

"We never promise more than we can deliver but we always deliver more than we promise"

651-455-8858
MENUMENU
  • Home
  • Search
  • Our Listings
  • Our Sold Listings
  • Resources
    • Sellers
    • Buyers
  • Our Team
  • Contact
  • News
  • Buyer's Comp

Weekly Market Report

February 28, 2022 by Jim Callahan

For Week Ending February 19, 2022

Median rental prices have increased by double-digits for eight consecutive months, rising 19.8% year-over-year. While home prices continue to climb, according to Realtor.com’s January Rental Report, buying a starter home is more affordable than renting a similar sized apartment in more than half of the nation’s largest metropolitan areas. That’s because, nationally, rent growth is rising faster than home prices, with economists expecting rental prices to outpace listing price growth in 2022.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING FEBRUARY 19:

  • New Listings decreased 3.0% to 1,057
  • Pending Sales decreased 11.0% to 913
  • Inventory decreased 19.2% to 4,429

FOR THE MONTH OF JANUARY:

  • Median Sales Price increased 10.6% to $333,000
  • Days on Market decreased 2.4% to 41
  • Percent of Original List Price Received increased 0.1% to 99.6%
  • Months Supply of Homes For Sale decreased 20.0% to 0.8

All comparisons are to 2021

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

Filed Under: Inventory

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

Navigation

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

1549 Livingston Avenue
Suite 109
West St Paul, MN 55118
651-455-8858

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.

Agent’s Comp
Copyright © 2025 | MSLLC