For Week Ending November 16, 2024

The number of homes available for sale hit its highest level since December 2019, rising 29.2% year-over-year in October, the 12th consecutive month of growth, according to Realtor.com. Homes spent an average of 58 days on market, three more days than the previous month and eight more days than the same time last year, giving buyers more time and more options in their home search.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING NOVEMBER 16:

• New Listings increased 5.1% to 1,002
• Pending Sales increased 7.0% to 777
• Inventory increased 6.4% to 9,614

FOR THE MONTH OF OCTOBER:

• Median Sales Price increased 4.1% to $380,000
• Days on Market increased 21.6% to 45
• Percent of Original List Price Received decreased 0.7% to 97.8%
• Months Supply of Homes For Sale increased 8.0% to 2.7

All comparisons are to 2023

Click here for the full Weekly Market Activity Report. From MAAR Market Data News.