Carl Zinn

Zinn Family REALTORS®

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Weekly Market Report

January 3, 2022 by Zinn Family

For Week Ending December 25, 2021

Home prices soared to new heights in 2021 and homebuyers are having to borrow more to afford their home purchase as a result, with the average home loan reaching $414,115 as of last measure, according to The Mortgage Bankers Association. As prices and loan amounts increase, borrowers have to come up with additional funds for down payments, forcing some to dip into their savings, take on second jobs, or borrow money from friends or family to remain competitive and afford the increasing costs of homeownership in the current market.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING DECEMBER 25:

  • New Listings decreased 25.1% to 284
  • Pending Sales decreased 11.1% to 561
  • Inventory decreased 22.0% to 5,156

FOR THE MONTH OF NOVEMBER:

  • Median Sales Price increased 9.5% to $339,543
  • Days on Market decreased 11.8% to 30
  • Percent of Original List Price Received decreased 0.4% to 99.8%
  • Months Supply of Homes For Sale decreased 21.4% to 1.1

All comparisons are to 2020

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

Filed Under: Weekly Report

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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.
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Contact us!

Phone: 952.474.4444

Email: jenny.zinn@cbburnet.com

Zinn Family Realtors

Coldwell Banker Burnet

19400 Highway 7

Excelsior MN 55331

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Realtor & Housing

Licensed In Minnesota

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


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