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.