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.