JH Callahan

Twin Cities Real Estate

Residential Commercial Investment

"We never promise more than we can deliver but we always deliver more than we promise"

651-455-8858
MENUMENU
  • Home
  • Search
  • Our Listings
  • Our Sold Listings
  • Resources
    • Sellers
    • Buyers
  • Our Team
  • Contact
  • News
  • Buyer's Comp

Weekly Market Report

June 3, 2024 by Jim Callahan

For Week Ending May 25, 2024

Prospective homebuyers received good news recently in the form of declining mortgage rates, which fell for the third consecutive week, offering consumers some relief amid persistent affordability challenges. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.94% the week ending May 23, down from 7.02% the week before, marking the first time since early April that rates have fallen below 7%.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING MAY 25:

  • New Listings decreased 9.4% to 1,288
  • Pending Sales decreased 6.6% to 1,127
  • Inventory increased 14.9% to 8,428

FOR THE MONTH OF APRIL:

  • Median Sales Price increased 4.1% to $385,000
  • Days on Market remained flat at 46
  • Percent of Original List Price Received decreased 0.2% to 99.9%
  • Months Supply of Homes For Sale increased 23.5% to 2.1

All comparisons are to 2023

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

Filed Under: Weekly Report

  • Calculators
  • Finding A Loan Officer
  • Mortgage Glossary
  • The Loan Process
  • Metro Markets
  • Communities
  • Schools

Navigation

  • Calculators
  • Finding A Loan Officer
  • Mortgage Glossary
  • The Loan Process
  • Metro Markets
  • Communities
  • Schools
CB Logo

1549 Livingston Avenue
Suite 109
West St Paul, MN 55118
651-455-8858

Let's stay in touch...

Realtor & Housing
Licensed In Minnesota

All information deemed reliable but not guaranteed and should be independently verified.

By searching you agree to the end user license agreement.

DMCA Copyright Notice.

Agent’s Comp
Copyright © 2025 | MSLLC