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

December 16, 2024 by Jim Callahan

For Week Ending December 7, 2024

The Federal Housing Finance Agency recently announced the conforming loan limits for one-unit properties with mortgages acquired by Fannie Mar and Freddie Mac will be $806,500 in 2025, an increase of $39,950 (5.2%) from 2024’s ceiling of $766,550. However, in high-cost areas where 115% of the local median home value exceeds the baseline conforming loan limit value, the new loan limit for one-unit properties will be $1,209,750.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING DECEMBER 7:

  • New Listings increased 13.6% to 845
  • Pending Sales increased 8.9% to 701
  • Inventory increased 3.6% to 8,578

FOR THE MONTH OF NOVEMBER:

  • Median Sales Price increased 3.4% to $375,000
  • Days on Market increased 25.0% to 50
  • Percent of Original List Price Received increased 0.2% to 97.6%
  • Months Supply of Homes For Sale remained flat at 2.3

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