For Week Ending February 22, 2025
U.S. housing starts decreased 9.8% month-over-month to a seasonally adjusted annual rate of 1,366,000 units, according to the U.S. Census Bureau, following a larger-than-expected increase the previous month. Single-family starts fell 8.4% to a seasonally adjusted annual rate of 993,000 units, the first drop since October, while multi family starts slipped 11% to 355,000 units on a seasonally adjusted annual basis.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING FEBRUARY 22:
- New Listings decreased 5.5% to 1,114
- Pending Sales decreased 5.7% to 771
- Inventory increased 0.3% to 7,049
FOR THE MONTH OF JANUARY:
- Median Sales Price increased 5.0% to $370,000
- Days on Market increased 17.9% to 66
- Percent of Original List Price Received increased 0.3% to 96.9%
- Months Supply of Homes For Sale remained flat at 1.9
All comparisons are to 2024
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.