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For Week Ending May 10, 2025

With home prices on the rise, down payments continue to grow nationwide. According to Realtor®.com, buyers paid an average of 14.4% of the purchase price, or $30,250, in the fourth quarter of 2024, a new Q4 record. Overall, 2024 saw the highest down payments since tracking began in 2013, both as a share of the purchase price and as a dollar amount.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING MAY 10:

• New Listings increased 2.1% to 1,629
• Pending Sales increased 1.7% to 1,054
• Inventory increased 3.9% to 8,743

FOR THE MONTH OF APRIL:

• Median Sales Price increased 3.7% to $399,900
• Days on Market increased 8.7% to 50
• Percent of Original List Price Received decreased 0.2% to 99.7%
• Months Supply of Homes For Sale increased 4.5% to 2.3

All comparisons are to 2024

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

For Week Ending May 3, 2025

U.S. pending home sales increased 6.1% from the previous month, the largest monthly increase since December 2023, according to the National Association of Realtors®. Economists polled by Reuters had forecast an increase of 1% for the month. Monthly pending sales activity was up in the West, Midwest, and South, while the Northeast saw a decline.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING MAY 3:

• New Listings decreased 0.2% to 1,635
• Pending Sales increased 2.6% to 1,129
• Inventory increased 5.7% to 8,663

FOR THE MONTH OF MARCH:

• Median Sales Price increased 3.5% to $380,000
• Days on Market increased 7.3% to 59
• Percent of Original List Price Received increased 0.2% to 99.0%
• Months Supply of Homes For Sale increased 5.0% to 2.1

All comparisons are to 2024

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