2024 November Housing Report

2024 November Housing Report

Each month the Minnesota Area Realtors puts out a housing report for the prior month! Matt, our broker, breaks them down and offers some insights on the report! Please check them out each month and reach out if you have questions!

Please feel free to take a look below at the graphic, check out the blog, or venture into the stat world.

While there are plenty of repetitive themes in the report itself, there was one sentence in particular that I found noteworthy. Quoting the blog, “Every month this year has had a higher month’s supply of inventory compared to 2023.” I have discussed the supply numbers throughout the year, but this trend is becoming more significant. Although we are still very much favoring sellers from a statistical standpoint, this continual creep higher is beginning to level the playing field even more than the numbers suggest. The spring market of 2025 will truly be the test and outside of interest rates, this data point will be my most monitored figure throughout next year.

No Comments

Post A Comment