Carl Zinn

Zinn Family REALTORS®

Site logo-1
Site logo-2
CB logo
  • Home
  • Properties
    • Our Listings
    • Recent Zinn Sales
  • Resources
    • For Sellers
    • For Buyers
  • News
    • Weekly Reports
    • Local Market Updates
  • The Zinn Team
  • Testimonials
  • Contact

Weekly Market Report

September 27, 2021 by Zinn Family

For Week Ending September 18, 2021

Despite increases in new listings in recent months, America is facing an epic housing shortage, with realtor.com reporting the U.S. needs an additional 5.24 million homes to meet current population needs, an increase of 1.4 million homes since 2019, as new-home construction has failed to keep up with household formations. Assuming the rate of household formations continues, the average rate of new home completions would need to triple over the next 5 – 6 years in order to meet current demand.

In the Twin Cities region, for the week ending September 18:

  • New Listings decreased 10.5% to 1,736
  • Pending Sales decreased 18.1% to 1,289
  • Inventory decreased 15.0% to 8,287

For the month of August:

  • Median Sales Price increased 11.1% to $350,000
  • Days on Market decreased 43.6% to 22
  • Percent of Original List Price Received increased 2.1% to 102.4%
  • Months Supply of Homes For Sale decreased 26.3% to 1.4

All comparisons are to 2020

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

Filed Under: Weekly Report

FOLLOW US

  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

Testimonials

Working with the Zinn Family Realtors was a wonderful experience. You have a whole team of people helping… Read more “– Abby W.”

- Abby W.

Carl Zinn and his family listed and sold our home in the fall of 2018. They were extremely… Read more “– Kerry N.”

- Kerry N.

Carl and his family are extremely knowledgeable about Christmas Lake and have sold many of the homes there.… Read more “– Harley F.”

- Harley F.

Very knowledgeable, professional and great to work with. Always prepared home nice for showing and communicated well. Would… Read more “– Steve S.”

- Steve S.

At the outset, I have to say I think most realtors don’t deserve a commission. The Zinn family… Read more “– Thomas Schmidt”

- Thomas Schmidt

The Zinn Family Realtors are the best choice for Lake Minnetonka area home sellers. Their local market expertise… Read more “– Peter G.”

- Peter G.

The Zinn family is The Best In Class team of professional Realtors that sold our home in the… Read more “– Jodie, Terry and Hunter”

- Jodie, Terry and Hunter

he Zinn Family Realtors CB are a wonderful agents. Carl Zinn and his wife Ali helped us buy… Read more “– Sally W.”

- Sally W.

We’ve used Zinn Family Realtors twice, eight years apart. In the intervening time many friends and neighbors did… Read more “– Andrew H.”

- Andrew H.
  • Area Links
  • Calculators
  • Finding A Loan Officer
  • Local Market Updates
  • Markets Updates
  • Mortgage Glossary
  • Schools
  • The Loan Process

Follow us!

  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

Contact us!

Phone: 952.474.4444

Email: jenny.zinn@cbburnet.com

Zinn Family Realtors

Coldwell Banker Burnet

19400 Highway 7

Excelsior MN 55331

Contact Me


Realtor & Housing

Licensed In Minnesota

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


Copyright © 2022 | Limelight Marketing Systems