For Week Ending November 9, 2024
U.S. pending home sales increased 7.4% month-over-month and 2.6% year-over-year, as falling mortgage rates in August and September helped under contract sales rise to their highest level since March, according to the National Association of REALTORS®. Pending sales were up in all four regions of the country, with the West posting the highest monthly gain at 9.8%.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING NOVEMBER 9:
- New Listings increased 1.2% to 1,004
- Pending Sales increased 15.0% to 721
- Inventory increased 7.1% to 9,802
FOR THE MONTH OF OCTOBER:
- Median Sales Price increased 4.1% to $380,000
- Days on Market increased 21.6% to 45
- Percent of Original List Price Received decreased 0.7% to 97.8%
- Months Supply of Homes For Sale increased 8.0% to 2.7
All comparisons are to 2023
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.