The supply of homes for sale continues to improve nationwide, rising 24.6% year-over-year in January, according to Realtor®.com’s latest Monthly Housing Market Trends Report, marking the 15th consecutive month of inventory growth. Newly listed homes jumped 37.5% month-over-month and 10.8% year-over-year, bringing new listing activity to its highest January level since 2021, with the typical home spending 73 days on the market.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING FEBRUARY 15:

• New Listings decreased 6.9% to 1,053
• Pending Sales decreased 9.5% to 728
• Inventory decreased 0.5% to 6,934

FOR THE MONTH OF JANUARY:

• Median Sales Price increased 5.0% to $370,000
• Days on Market increased 17.9% to 66
• Percent of Original List Price Received increased 0.3% to 96.9%
• Months Supply of Homes For Sale remained flat at 1.9

All comparisons are to 2024

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