Barb Duthler

612-558-1084

MENUMENU
  • Home
  • Search
  • Listings
  • Resources
    • Sellers
    • Buyers
    • HPDL Neighborhood Association
    • Hale Elementary School
    • Lake Nokomis
    • Nokomis Farmers Market
    • Facebook/MPLS
  • About Barb
  • Contact
  • Reviews

Weekly Market Report

October 21, 2024 by Barb Duthler

For Week Ending October 12, 2024

According to the Mortgage Bankers Association, the median mortgage application payment was $2,057 in August, down from $2,140 in July, marking the fourth consecutive month affordability conditions improved. Mortgage rates are down significantly from their peak of 7.79% last October, which should help bring additional buyers to the market in the months ahead.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING OCTOBER 12:

  • New Listings increased 12.5% to 1,368
  • Pending Sales increased 7.3% to 865
  • Inventory increased 10.8% to 10,244

FOR THE MONTH OF SEPTEMBER:

  • Median Sales Price increased 2.4% to $379,950
  • Days on Market increased 14.7% to 39
  • Percent of Original List Price Received decreased 0.8% to 98.5%
  • Months Supply of Homes For Sale increased 12.0% to 2.8

All comparisons are to 2023

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

Filed Under: Inventory

  • Calculators
  • Finding A Loan Officer
  • The Loan Process
  • Mortgage Glossary
  • Metro Markets
  • Communities
  • Schools
Barb Duthler

Greet me and meet me on social media. You can follow my new listings and changes in the marketplace on any of the following. Follow me.

  • Facebook
  • Instagram
  • Twitter

Navigation

  • Calculators
  • Finding A Loan Officer
  • The Loan Process
  • Mortgage Glossary
  • Metro Markets
  • Communities
  • Schools

Keep in Touch!

Copyright © 2025 | MSLLC.