The Berwald Group

612-669-0596

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For Week Ending April 27, 2024

Housing affordability improved for the second straight quarter, according to ATTOMS’s Q1 2024 Home Affordability Report, which found major homeownership expenses required 32.3% of the average national wage in the first quarter of the year, down from 33.7% in Q4 2023. Median-priced single-family homes and condos were less affordable compared to historical averages in 95% of counties nationwide, a slight decrease from the previous quarter, when 99% of counties were considered less affordable.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING APRIL 27:

  • New Listings increased 5.7% to 1,418
  • Pending Sales decreased 2.2% to 1,020
  • Inventory increased 13.3% to 7,572

FOR THE MONTH OF MARCH:

  • Median Sales Price increased 2.8% to $366,000
  • Days on Market decreased 6.9% to 54
  • Percent of Original List Price Received increased 0.2% to 98.8%
  • Months Supply of Homes For Sale increased 26.7% to 1.9

All comparisons are to 2023

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

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Cell: 612-669-0596 | LanceBerwald@kw.com
Cell: 612-201-8311 | DavidPaulson@kw.com
Realtor & Housing
Licensed In Minnesota

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