Barb Duthler

612-558-1084

Weekly Market Report

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For Week Ending March 8, 2025

47.7% of mortgaged residential properties in the U.S. were considered equity rich—having a loan-to-value ratio of 50% or lower—in the fourth quarter of 2024, according to ATTOM’s Q4 U.S. Home Equity and Underwater Report. This is down from 48.3% in the third quarter, but up from 46.1% one year earlier. The highest levels of equity-rich mortgaged properties were in Vermont (86.7%), New Hampshire (61.4%), and Maine (61.1%).

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING MARCH 8:

  • New Listings increased 8.2% to 1,451
  • Pending Sales decreased 5.1% to 866
  • Inventory remained flat at 7,222

FOR THE MONTH OF FEBRUARY:

  • Median Sales Price increased 6.1% to $380,000
  • Days on Market increased 16.9% to 69
  • Percent of Original List Price Received increased 0.2% to 97.7%
  • Months Supply of Homes For Sale increased 5.3% to 2.0

All comparisons are to 2024

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

Weekly Market Report

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For Week Ending March 1, 2025

U.S. pending home sales slipped 4.6% month-over-month and 5.2% year-over-year, according to the National Association of Realtors®. Economists polled by Reuters had forecast contract signings falling 1.3% for the month. Pending sales decreased on a monthly basis in the Midwest, South, and West but increased slightly in the Northeast, with sales down in all four regions year-over-year.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING MARCH 1:

  • New Listings increased 4.1% to 1,277
  • Pending Sales decreased 0.7% to 845
  • Inventory decreased 0.9% to 7,094

FOR THE MONTH OF JANUARY:

  • Median Sales Price increased 5.0% to $370,000
  • Days on Market increased 17.9% to 66
  • Percent of Original List Price Received increased 0.3% to 96.9%
  • Months Supply of Homes For Sale remained flat at 1.9

All comparisons are to 2024

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

Mortgage Rates Continue to Fall

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March 6, 2025
As the spring homebuying season gets underway, the 30-year fixed-rate mortgage saw the largest weekly decline since mid-September. The decline in rates increases prospective homebuyers’ purchasing power and should provide a strong incentive to make a move. Additionally, this decline in rates is already providing some existing homeowners the opportunity to refinance. In fact, the refinance share of market mortgage applications released this week reached nearly 44%, the highest since mid-December.

Information provided by Freddie Mac.

Weekly Market Report

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For Week Ending February 22, 2025

U.S. housing starts decreased 9.8% month-over-month to a seasonally adjusted annual rate of 1,366,000 units, according to the U.S. Census Bureau, following a larger-than-expected increase the previous month. Single-family starts fell 8.4% to a seasonally adjusted annual rate of 993,000 units, the first drop since October, while multi family starts slipped 11% to 355,000 units on a seasonally adjusted annual basis.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING FEBRUARY 22:

  • New Listings decreased 5.5% to 1,114
  • Pending Sales decreased 5.7% to 771
  • Inventory increased 0.3% to 7,049

FOR THE MONTH OF JANUARY:

  • Median Sales Price increased 5.0% to $370,000
  • Days on Market increased 17.9% to 66
  • Percent of Original List Price Received increased 0.3% to 96.9%
  • Months Supply of Homes For Sale remained flat at 1.9

All comparisons are to 2024

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

Barb Duthler

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