Calhoun Commercial Club Building

711 West Lake Street, Minneapolis, MN

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Weekly Market Report

January 6, 2025 by Julie Green

For Week Ending December 28, 2024

The typical homeowner has accumulated $147,000 in housing wealth over the last five years, according to a study by the National Association of REALTORS®. 87% of metropolitan markets (196 out of 226 tracked areas) reported home price gains in the third quarter of 2024, while 7% of markets experienced double-digit price appreciation annually.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING DECEMBER 28:

  • New Listings decreased 14.1% to 328
  • Pending Sales increased 2.6% to 427
  • Inventory decreased 0.2% to 7,435

FOR THE MONTH OF NOVEMBER:

  • Median Sales Price increased 3.4% to $375,000
  • Days on Market increased 25.0% to 50
  • Percent of Original List Price Received increased 0.2% to 97.6%
  • Months Supply of Homes For Sale increased 4.3% to 2.4

All comparisons are to 2023

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

Filed Under: Inventory

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