For Week Ending December 7, 2024
The Federal Housing Finance Agency recently announced the conforming loan limits for one-unit properties with mortgages acquired by Fannie Mar and Freddie Mac will be $806,500 in 2025, an increase of $39,950 (5.2%) from 2024’s ceiling of $766,550. However, in high-cost areas where 115% of the local median home value exceeds the baseline conforming loan limit value, the new loan limit for one-unit properties will be $1,209,750.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING DECEMBER 7:
- New Listings increased 13.6% to 845
- Pending Sales increased 8.9% to 701
- Inventory increased 3.6% to 8,578
FOR THE MONTH OF NOVEMBER:
- Median Sales Price increased 3.4% to $375,000
- Days on Market increased 25.0% to 50
- Percent of Original List Price Received increased 0.2% to 97.6%
- Months Supply of Homes For Sale remained flat at 2.3
All comparisons are to 2023
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.