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Weekly Market Activity Report for Week Ending April 24 Tags: Market DataWeekly Market Activity Reports

A bit of good news this week on the home affordability front as the 30-year fixedrate mortgage slipped below 3 percent to 2.97%, according to Freddie Mac. The
benchmark 30-year fixed-rate mortgage rate, while still higher than a few months ago, remains more than one-third of a percent less than the same time last year. The slight pullback in rates may be short-lived, however, as Nadia Evangelou, senior economist for the National Association of REALTORS®, still expects rates to rise in the coming months.

In the Twin Cities region, for the week ending April 24:

• New Listings increased 14.5% to 1,687
• Pending Sales increased 38.4% to 1,509
• Inventory decreased 47.5% to 5,337

For the month of March:

• Median Sales Price increased 10.4% to $328,000
• Days on Market decreased 36.1% to 39
• Percent of Original List Price Received increased 2.7% to 101.9%
• Months Supply of Homes For Sale decreased 47.4% to 1.0

FULL REPORT