There were 4.9% more homes for sale on the typical day in December compared to the same period in 2022, according to Realtor®.com’s December 2023 Monthly Housing Market Trends Report, marking the second consecutive month of annual inventory growth. The number of newly listed homes was also up, rising 9.1% annually, while the total number of unsold homes, including pending listings, was up 3.6% compared to last year.
In the Twin Cities region, for the week ending January 20:
• New Listings increased 13.8% to 823
• Pending Sales decreased 4.9% to 619
• Inventory decreased 2.3% to 6,478
For the month of December:
• Median Sales Price increased 1.3% to $353,700
• Days on Market remained flat at 50
• Percent of Original List Price Received increased 0.4% to 96.7%
• Months Supply of Homes For Sale increased 13.3% to 1.7