JH Callahan

Twin Cities Real Estate

Residential Commercial Investment

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Weekly Market Report

April 29, 2024 by Jim Callahan

For Week Ending April 20, 2024

U.S. residential housing starts unexpectedly declined as of last measure, falling 14.7% from the previous month to a seasonally adjusted annual rate of 1.32 million units, according to the U.S. Census Bureau. Building permits and housing completions were also down month-over-month, sliding 4.3% and 13.5%, respectively, as higher interest rates and rising construction and development costs continue to impact homebuilders.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING APRIL 20:

  • New Listings increased 0.6% to 1,380
  • Pending Sales increased 2.1% to 978
  • Inventory increased 14.8% to 7,444

FOR THE MONTH OF MARCH:

  • Median Sales Price increased 2.8% to $366,000
  • Days on Market decreased 6.9% to 54
  • Percent of Original List Price Received increased 0.2% to 98.8%
  • Months Supply of Homes For Sale increased 26.7% to 1.9

All comparisons are to 2023

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

Filed Under: Inventory

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West St Paul, MN 55118
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