For Week Ending June 29, 2024
Nationally, the median down payment was $26,400, or 13.6% of the purchase price, in the first quarter of 2024, according to a recent study from Realtor.com, a slight decrease from the previous quarter, when the median down payment was $30,400 (14.7%). Down payments are up significantly from pre-pandemic levels: in the first quarter of 2020, the typical down payment was approximately $14,000, or 10.7% of the purchase price.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JUNE 29:
- New Listings increased 8.2% to 1,358
- Pending Sales decreased 12.0% to 1,061
- Inventory increased 12.2% to 9,116
FOR THE MONTH OF MAY:
- Median Sales Price increased 4.1% to $385,000
- Days on Market increased 7.9% to 41
- Percent of Original List Price Received decreased 1.1% to 100.0%
- Months Supply of Homes For Sale increased 26.3% to 2.4
All comparisons are to 2023
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.