Nick Wolter

Just another WordPress site

Main Logo

Nick Wolter

Wolter Realty Group

612.888.9300
  • Instagram Logo
  • Linkedin Logo
  • Pinterest Logo
  • Twitter Logo
  • Home
  • Search
  • Listings
  • Resources
    • Sellers
    • Buyers
  • News
  • About
  • Testimonials
    • Buyers
    • Sellers
  • Contact
MENUMENU
  • Home
  • Search
  • Listings
  • Resources
    • Sellers
    • Buyers
  • News
  • About
  • Testimonials
    • Buyers
    • Sellers
  • Contact

Weekly Market Report

April 6, 2020 by Nick Wolter


For Week Ending March 28, 2020

This week was heavily influenced by the ongoing impacts from the spread of COVID-19. Washington passed a $2.2 trillion stimulus package and news broke that 3.28 million people filed for unemployment benefits last week—nearly five times the previous weekly record. As more businesses temporarily close due to the growing outbreak, even higher unemployment filings are expected in coming weeks. As many begin or continue to shelter at home, real estate activity is slowing down right along with the rest of the economy.

In the Twin Cities region, for the week ending March 28:

  • New Listings decreased 5.8% to 1,422
  • Pending Sales decreased 5.4% to 1,131
  • Inventory decreased 7.0% to 8,843

For the month of February:

  • Median Sales Price increased 6.2% to $281,570
  • Days on Market decreased 2.9% to 67
  • Percent of Original List Price Received increased 0.3% to 98.0%
  • Months Supply of Homes For Sale decreased 11.1% to 1.6

All comparisons are to 2019

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

Filed Under: Inventory

  • Calculators
  • Finding A Loan Officer
  • The Loan Process
  • Mortgage Glossary
  • Markets Updates
  • Instagram Logo
  • Linkedin Logo
  • Pinterest Logo
  • Twitter Logo
Main Logo

Nick Wolter

Wolter Realty Group

Twin Cities Minnesota.

  • Facebook Logo
  • Linkedin Logo
  • Pinterest Logo
  • Twitter Logo

Navigation

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

Let’s stay in touch . . .

Realtor & Housing

Licensed In Minnesota

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


Copyright 2022 | MSLLC

Testimonials Popup
Your Neighborhood Market

Step 1 of 3 - Enter location address.

0%
  • NickWolter Logo
Online CMA

Step 1 of 5 - Enter your address.

0%
  • NickWolter Logo
  • Enter your address

  • Confirm your address

  • Tell us about your property

  • Additional comments can be added here

  • Add your contact information and submit the information

Custom Search

Step 1 of 3

0%
  • NickWolter Logo
  • NickWolter Logo
  • NickWolter Logo
In Home CMA

Step 1 of 4 - Best Appointment Time

0%
  • NickWolter Logo
  • When would be a good time for you?

  • MM slash DD slash YYYY
  • :
  • :
  • Is there a second day that would work also?

  • MM slash DD slash YYYY
  • :
  • :
  • Where is the house?

  • Your Information