According to ResiClub’s analysis of the U.S. Census Bureau’s 2024 American Community Survey, 35 million, or 40.3%, of U.S. homeowners are mortgage-free, up from 39.8% in 2023. More than half of these homeowners (54%) are aged 65 or older, a group that represents just over a third (34.1%) of all U.S. homeowners, with 64% owning their homes outright.
In the Twin Cities region, for the week ending November 8:
- New Listings increased 9.8% to 1,127
- Pending Sales increased 5.4% to 780
- Inventory increased 0.2% to 10,287
For the Month of October:
- Median Sales Price increased 2.1% to $389,900
- Days on Market increased 6.7% to 48
- Percent of Original List Price Received increased 0.3% to 98.1%
- Months Supply of Homes For Sale decreased 3.6% to 2.7