For Week Ending July 13, 2024
U.S. homeowners with a mortgage saw their equity increase 9.6% year-over-year in the first quarter of 2024, an average gain of $28,000 and the highest number since 2022, according to CoreLogic’s Homeowner Equity Insights report. At the state level, California saw the greatest equity gain at an average of $64,000 annually, followed by Massachusetts and New Jersey, at $61,000 and $59,000, respectively.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JULY 13:
- New Listings increased 4.8% to 1,640
- Pending Sales decreased 15.4% to 909
- Inventory increased 10.3% to 8,905
FOR THE MONTH OF JUNE:
- Median Sales Price increased 1.8% to $390,000
- Days on Market increased 9.7% to 34
- Percent of Original List Price Received decreased 1.2% to 100.1%
- Months Supply of Homes For Sale increased 14.3% to 2.4
All comparisons are to 2023
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.
