For Week Ending November 30, 2024
The majority of new single-family housing starts in 2023 were built on slab foundations, according to the National Association of Home Builders’ analysis of the Survey of Construction (SOC), with 72.4% of new homes built on slabs last year, compared to 45.8% in 2000. 16.6% of new homes were built with full or partial basements in 2023, down from 19.6% in 2022.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING NOVEMBER 30:
- New Listings decreased 34.4% to 515
- Pending Sales decreased 10.7% to 592
- Inventory increased 5.5% to 9,043
FOR THE MONTH OF OCTOBER:
- Median Sales Price increased 4.2% to $380,500
- Days on Market increased 21.6% to 45
- Percent of Original List Price Received decreased 0.7% to 97.8%
- Months Supply of Homes For Sale increased 8.0% to 2.7
All comparisons are to 2023
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.