Ruth Whitney Bowe

  • Search
  • Ruth Listings
  • Resources
    • Sellers
    • Buyers
  • Contact Ruth
  • Reviews
  • News

Weekly Market Report

October 2, 2023 by Ruth Whitney Bowe

For Week Ending September 23, 2023

New-home construction recently fell to a 3-year low, as higher mortgage rates take their toll on homebuilders, impacting affordability and causing production to slow. According to the U.S. Census Bureau, housing starts dropped 11.3% from the previous month, led by a decline in multi-family construction. Although starts fell more than economists predicted, building permits increased over the same period, rising 6.9% from the previous month.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING SEPTEMBER 23:

  • New Listings decreased 3.8% to 1,252
  • Pending Sales decreased 10.0% to 894
  • Inventory decreased 8.7% to 8,707

FOR THE MONTH OF AUGUST:

  • Median Sales Price increased 2.7% to $380,000
  • Days on Market increased 18.5% to 32
  • Percent of Original List Price Received increased 0.1% to 100.0%
  • Months Supply of Homes For Sale increased 15.8% to 2.2

All comparisons are to 2022

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

Filed Under: Inventory

Recent Posts

  • New Listings and Pending Sales
  • Inventory
  • Weekly Market Report
  • New Listings and Pending Sales
  • Inventory
Main Logo

Greet me and meet me on social media. You can follow my new listings and changes in the marketplace on any of the following.
Follow me.

Navigation

  • Calculators
  • Finding A Loan Officer
  • Mortgage Glossary
  • The Loan Process
  • Metro Markets
  • Communities
  • Schools

Let’s stay in touch…

Realtor & Housing
Licensed In Minnesota

All information deemed reliable but not guaranteed and should be independently verified.

By searching you agree to the end user license agreement.

DMCA Copyright Notice.

Copyright © 2025 | MSLLC