For Week Ending March 1, 2025
U.S. pending home sales slipped 4.6% month-over-month and 5.2% year-over-year, according to the National Association of Realtors®. Economists polled by Reuters had forecast contract signings falling 1.3% for the month. Pending sales decreased on a monthly basis in the Midwest, South, and West but increased slightly in the Northeast, with sales down in all four regions year-over-year.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING MARCH 1:
- New Listings increased 4.1% to 1,277
- Pending Sales decreased 0.7% to 845
- Inventory decreased 0.9% to 7,094
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 remained flat at 1.9
All comparisons are to 2024
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.