Christine Hazel

MENUMENU
  • Home
  • Search
  • Featured Homes
  • For Buyers
    • Free Consultation
    • Mortgage Calculators
    • The Loan Process
    • Mortgage Glossary
    • Finding A Loan Officer
  • For Sellers
    • Free Consultation
  • News
  • About Christine
    • My Solds
    • Meet The Team
  • Contact

Weekly Market Report

May 30, 2023 by Christine Hazel

For Week Ending May 20, 2023

The number of homes available for sale was up 48.3% year-over-year in April, according to Realtor.com’s latest Monthly Housing Market Trends Report, although inventory remains well below pre-pandemic levels. Inventory increased in 42 out of 50 of the largest metros annually, with the typical home spending 41 days on market, up from 26 days the same time last year. Nationally, listing price growth has also softened, rising 2.85% year-over-year, the lowest rate of growth since April 2020.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING MAY 20:

  • New Listings decreased 21.9% to 1,630
  • Pending Sales decreased 28.6% to 1,063
  • Inventory decreased 7.3% to 6,629

FOR THE MONTH OF APRIL:

  • Median Sales Price decreased 0.3 percent to $369,000
  • Days on Market increased 64.3% to 46
  • Percent of Original List Price Received decreased 3.6% to 100.1%
  • Months Supply of Homes For Sale increased 33.3% to 1.6

All comparisons are to 2022

Click here for the full Weekly Market Activity Report. From MAAR Market Data News.

Filed Under: Weekly Report

Christine Hazel

Christine Hazel is a full-time, dedicated Realtor licensed in Minnesota with more than 10 years of real estate experience and success... (read more)

  • Calculators
  • Finding A Loan Officer
  • The Loan Process
  • Mortgage Glossary
  • Metro Markets
  • Communities
  • Schools
  • Calculators
  • Finding A Loan Officer
  • The Loan Process
  • Mortgage Glossary
  • Metro Markets
  • Communities
  • Schools

Sign up for eNews & Updates

Get Connected on Social Media

  • Facebook Link
  • Linkedin Link

eNewsletter Archives

Greet me and meet me on social media. You can follow my new listings and changes in the marketplace on any of the following. Follow me.

Navigation

  • Calculators
  • Finding A Loan Officer
  • The Loan Process
  • Mortgage Glossary
  • Metro Markets
  • Communities
  • Schools

Keep in Touch!

Realtor & Housing
Licensed In Minnesota

All information deemed reliable but not guaranteed and should be independently verified.

Copyright © 2023 | Limelight Marketing Systems