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Weekly Market Activity Report for Week Ending December 9 Tags: Market DataWeekly Market Activity Reports

Nationally, the number of homes actively for sale remained mostly stable in November, climbing 0.7% year-over-year and 2.4% from the previous month, according to Realtor.com’s November 2023 Monthly Housing Market Trends Report. In addition, the number of newly listed homes for sale rose 7.5% year-over-year, snapping a 17-month streak in which listing activity declined, with an annual increase of 3% reported in the nation’s 50 largest metropolitan areas.

In the Twin Cities region, for the week ending December 9:

• New Listings increased 5.9% to 733
• Pending Sales increased 5.1% to 633
• Inventory decreased 4.7% to 7,712

For the month of November:

• Median Sales Price increased 2.2% to $362,600
• Days on Market remained flat at 40
• Percent of Original List Price Received increased 0.2% to 97.4%
• Months Supply of Homes For Sale increased 10.5% to 2.1

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