Christine Hazel

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Weekly Market Report

November 20, 2023 by Christine Hazel

For Week Ending November 11, 2023

Despite sluggish home sales, US home prices have continued to increase, further impacting affordability for many prospective buyers. According to the latest S&P CoreLogic Case-Shiller Index, home prices were up 2.6% year-over-year and 0.4% month-over-month as of last measure, marking the seventh consecutive monthly increase. Additionally, the Federal Housing Finance Agency’s index found home prices increased 5.6% year-over-year and 0.6% month-over-month as of last measure.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING NOVEMBER 11:

  • New Listings increased 12.0% to 981
  • Pending Sales decreased 13.1% to 615
  • Inventory decreased 5.3% to 8,711

FOR THE MONTH OF OCTOBER:

  • Median Sales Price increased 2.4% to $365,000
  • Days on Market increased 2.8% to 37
  • Percent of Original List Price Received increased 0.2% to 98.4%
  • Months Supply of Homes For Sale increased 20.0% to 2.4

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)

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