For Week Ending March 22, 2025
The median age of U.S. homebuyers is now 56 years old, up from 49 in 2023, according to the National Association of Realtors®’ 2024 Profile of Home Buyers and Sellers. The median age of first-time buyers rose from 35 to 38 years old, while the typical repeat buyer age climbed from 58 to 61 years old. The median ages of all three groups reached record highs in 2024.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING MARCH 22:
- New Listings increased 9.6% to 1,342
- Pending Sales increased 2.5% to 974
- Inventory increased 2.1% to 7,667
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.