For Week Ending February 8, 2025
The national median asking rent decreased 1.1% year-over-year to $1,695 per month, the 17th consecutive month of rent declines and the first time since April 2022 that national median asking rents fell below $1,700, according to Realtor.com’s December 2024 Rental Report. Among the 50 largest metropolitan areas, the median rent for a studio was $1,419, followed by 1-bedroom and 2-bedroom units at $1,579 and $1,880, respectively.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING FEBRUARY 8:
- New Listings decreased 8.2% to 1,008
- Pending Sales decreased 8.4% to 695
- Inventory decreased 0.4% to 6,852
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 decreased 5.3% to 1.8
All comparisons are to 2024
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.