For Week Ending January 25, 2025
U.S. housing starts jumped 15.8% month-over-month to a seasonally adjusted annual rate of 1,499,000 units, but were down 4.4% from one year ago, according to the U.S. Census Bureau. Single-family starts climbed 3.3% month-over-month to a seasonally adjusted annual rate of 1,050,000 units, while multi-family starts surged 58.9% to a seasonally adjusted annual rate of 418,000 units.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JANUARY 25:
- New Listings increased 2.2% to 886
- Pending Sales decreased 15.2% to 610
- Inventory decreased 2.3% to 6,888
FOR THE MONTH OF DECEMBER:
- Median Sales Price increased 4.6% to $370,000
- Days on Market increased 9.8% to 56
- Percent of Original List Price Received increased 0.3% to 97.0%
- 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.