49.2% of mortgaged residential properties in the U.S. were considered equity rich—having at least 50% equity in one’s home–in the second quarter of 2024, according to ATTOM’s Q2 2024 U.S. Home Equity and Underwater Report. This is an increase from the previous quarter, when 45.8% of mortgaged homes were considered equity-rich, with the largest quarterly increases found in lower-priced markets in the South and Midwest regions.
In the Twin Cities region, for the week ending August 31:
•New Listings decreased 10.7% to 1,096
•Pending Sales decreased 8.5% to 870
•Inventory increased 12.7% to 9,842
For the month of July:
•Median Sales Price increased 2.7% to $385,000
•Days on Market increased 24.7% to 36
•Percent of Original List Price Received decreased 1.3% to 99.5%
•Months Supply of Homes For Sale increased 18.2% to 2.6