According to ResiClub’s analysis of the U.S. Census Bureau’s 2024 American Community Survey, 35 million, or 40.3%, of U.S. homeowners are mortgage-free, up from 39.8% in 2023. More than half of these homeowners (54%) are aged 65 or older, a group that represents just over a third (34.1%) of all U.S. homeowners, with 64% owning their homes outright.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING NOVEMBER 8:

• New Listings increased 9.8% to 1,127
• Pending Sales increased 5.4% to 780
• Inventory increased 0.2% to 10,287

FOR THE MONTH OF OCTOBER:

• Median Sales Price increased 2.1% to $389,900
• Days on Market increased 6.7% to 48
• Percent of Original List Price Received increased 0.3% to 98.1%
• Months Supply of Homes For Sale decreased 3.6% to 2.7

All comparisons are to 2024

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

U.S. homebuilder confidence rose five points to 37 in October, marking the highest
reading since April, according to the NAHB/Wells Fargo Housing Market Index
(HMI). Future sales expectations increased nine points to 54, surpassing the 50-
point mark for the first time since January. 38% of builders reported cutting prices
in October, with an average price reduction of 6%.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING NOVEMBER 1:

• New Listings increased 14.2% to 1,197
• Pending Sales decreased 5.5% to 819
• Inventory decreased 0.9% to 10,524

FOR THE MONTH OF SEPTEMBER:

• Median Sales Price increased 2.6% to $390,000
• Days on Market increased 12.8% to 44
• Percent of Original List Price Received decreased 0.1% to 98.4%
• Months Supply of Homes For Sale decreased 3.4% to 2.8

All comparisons are to 2024

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