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Weekly Market Report

July 8, 2024 by Marty Siegal

For Week Ending June 29, 2024

Nationally, the median down payment was $26,400, or 13.6% of the purchase price, in the first quarter of 2024, according to a recent study from Realtor.com, a slight decrease from the previous quarter, when the median down payment was $30,400 (14.7%). Down payments are up significantly from pre-pandemic levels: in the first quarter of 2020, the typical down payment was approximately $14,000, or 10.7% of the purchase price.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JUNE 29:

  • New Listings increased 8.2% to 1,358
  • Pending Sales decreased 12.0% to 1,061
  • Inventory increased 12.2% to 9,116

FOR THE MONTH OF MAY:

  • Median Sales Price increased 4.1% to $385,000
  • Days on Market increased 7.9% to 41
  • Percent of Original List Price Received decreased 1.1% to 100.0%
  • Months Supply of Homes For Sale increased 26.3% to 2.4

All comparisons are to 2023

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

Filed Under: Inventory

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