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Weekly Market Activity Report for Week Ending April 29 Tags: Market DataWeekly Market Activity Reports

Homeownership remains a key driver to building wealth. According to a recent report from the National Association of REALTORS®, middle-class homeowners saw the median value of their homes appreciate $122,070, or 68%, over the last decade. Meanwhile, lower income homeowners saw a 75% gain in the median value of their homes, with an increase of $98,910 in wealth solely from home price appreciation, while upper income homeowners saw an increase of $150,810 in wealth from their homes in the last 10 years.

In the Twin Cities region, for the week ending April 29:

• New Listings decreased 27.3% to 1,303
• Pending Sales decreased 26.2% to 1,045
• Inventory increased 2.7% to 6,259

For the month of March:

• Median Sales Price remained flat at $355,000
• Days on Market increased 65.7% to 58
• Percent of Original List Price Received decreased 4.0% to 98.6%
• Months Supply of Homes For Sale increased 36.4% to 1.5

FULL REPORT