The typical homeowner has accumulated $147,000 in housing wealth over the last five years, according to a study by the National Association of Realtors®. 87% of metropolitan markets (196 out of 226 tracked areas) reported home price gains in the third quarter of 2024, while 7% of markets experienced double-digit price appreciation annually.
In the Twin Cities region, for the week ending December 28:
• New Listings decreased 14.1% to 328
• Pending Sales increased 2.6% to 427
• Inventory decreased 0.2% to 7,435
For the month of November:
• Median Sales Price increased 3.4% to $375,000
• Days on Market increased 25.0% to 50
• Percent of Original List Price Received increased 0.2% to 97.6%
• Months Supply of Homes For Sale increased 4.3% to 2.4