Twin Cities Weekly Market Activity Report - Week Ending February 1

 

At The Basil Group, we're celebrating our 27th years at your #1 Twin Cities Real Estate Brokerage!

All data from NorthstarMLS. Provided by Minneapolis Area REALTORS®.

 

U.S. sales of existing homes totaled 4.06 million in 2024, down from 4.09 million the year before, according to the National Association of REALTORS®. Meanwhile, sales of new single-family homes grew for the second year in a row, with an estimated 683,000 units sold last year, a 2.5% increase from 2023, the U.S. Census Bureau reports.

It looks like 2025 will be another impressive year for buying and selling Real Estate!

 

In the Twin Cities region, for the week ending February 1:

• New Listings increased 4.5% to 1,029
• Pending Sales decreased 6.7% to 687
• Inventory decreased 1.9% to 6,844

 

For the month of December:

• Median Sales Price increased 4.6% to $370,000
• Days on Market increased 9.8% to 56
• Percent of Original List Price Received increased 0.3% to 97.0%
• Months’ Supply of Homes For Sale remained flat at 1.9