For Week Ending February 1, 2025
U.S. sales of existing homes totaled 4.06 million in 2024, down from 4.09 million the year before, according to the National Association of REALTORS®. Meanwhile, sales of new single-family homes grew for the second year in a row, with an estimated 683,000 units sold last year, a 2.5% increase from 2023, the U.S. Census Bureau reports.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING FEBRUARY 1:
- New Listings increased 4.5% to 1,029
- Pending Sales decreased 6.7% to 687
- Inventory decreased 1.9% to 6,844
FOR THE MONTH OF DECEMBER:
- Median Sales Price increased 4.6% to $370,000
- Days on Market increased 9.8% to 56
- Percent of Original List Price Received increased 0.3% to 97.0%
- 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.