U.S. homeowners with a mortgage have seen their equity increase by a total of $1.3 trillion since the second quarter of 2023, an 8% increase year-over-year, according to CoreLogic’s Q2 2024 Homeowner Equity Insights report. In that time, the average homeowner gained approximately $25,000 in equity, with Maine, California, and New Jersey homeowners seeing the largest average equity gains in the nation.
In the Twin Cities region, for the week ending November 23:
• New Listings increased 69.2% to 856
• Pending Sales increased 43.6% to 771
• Inventory increased 6.5% to 9,414
For the month of October:
• Median Sales Price increased 4.1% to $380,000
• Days on Market increased 21.6% to 45
• Percent of Original List Price Received decreased 0.7% to 97.8%
• Months Supply of Homes For Sale increased 8.0% to 2.7