
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.