For Week Ending March 30, 2024
U.S. residential housing starts jumped 10.7% from the previous month to a seasonally adjusted annual rate of 1.521 million units, led by a surge in single-family starts, which increased 11.6% to 1.129 million units from the previous month, according to the U.S. Census Bureau. Meanwhile, overall housing completions rose 19.7% to a seasonally adjusted annual rate of 1.729 million units, the highest level since January 2007.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING MARCH 30:
- New Listings decreased 10.4% to 1,014
- Pending Sales decreased 1.1% to 933
- Inventory increased 12.0% to 7,029
FOR THE MONTH OF FEBRUARY:
- Median Sales Price increased 4.6% to $358,000
- Days on Market decreased 3.3% to 59
- Percent of Original List Price Received increased 0.3% to 97.5%
- Months Supply of Homes For Sale increased 28.6% to 1.8
All comparisons are to 2023
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.