Rising housing costs have led many young adults to delay moving out of their parents’ homes. According to the 2023 American Community Survey (ACS), 19.2% of adults aged 25 to 34 lived with a parent or parent-in-law in 2023—approximately 8.5 million people. Although down from a peak of 22% in 2017-2018, the share of young adults living with parents remains elevated compared to 2000, when fewer than 12% did so.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING OCTOBER 11:

• New Listings decreased 4.3% to 1,343
• Pending Sales decreased 5.1% to 831
• Inventory decreased 0.2% to 10,659

FOR THE MONTH OF SEPTEMBER:

• Median Sales Price increased 2.6% to $390,000
• Days on Market increased 12.8% to 44
• Percent of Original List Price Received decreased 0.1% to 98.4%
• Months Supply of Homes For Sale decreased 3.4% to 2.8

All comparisons are to 2024

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