For Week Ending November 2, 2024
U.S. housing starts edged down 0.5% from the previous month to a seasonally adjusted annual rate of 1.35 million units, according to the U.S. Census Bureau. Single-family housing starts rose 2.7% to a seasonally adjusted annual rate of 1.03 million units, a five-month high, while multi-family housing starts declined 4.5% to 317,000 units. Year to date, single-family construction is up 10.1%.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING NOVEMBER 2:
- New Listings decreased 3.1% to 1,035
- Pending Sales increased 7.8% to 839
- Inventory increased 9.7% to 10,144
FOR THE MONTH OF SEPTEMBER:
- Median Sales Price increased 2.4% to $379,950
- Days on Market increased 14.7% to 39
- Percent of Original List Price Received decreased 0.8% to 98.5%
- Months Supply of Homes For Sale increased 12.0% to 2.8
All comparisons are to 2023
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.