Martineau - Duevel

  • Search
  • Listings
  • Sales
  • Resources
    • Sellers
    • Buyers
  • About
    • Mark Duevel
    • Jeff Martineau
  • Contact
    • Contact Jeff
    • Contact Mark
CB Logo CB Logo

Weekly Market Report

September 11, 2023 by Martineau Duevel

For Week Ending September 2, 2023

The lack of existing-home inventory continues to boost demand for new construction homes, and U.S. homebuilders are ramping up production to help meet buyers’ needs. According to the U.S. Census Bureau, total housing starts rose 3.9% month-over-month to a seasonally adjusted rate of 1.452 million, and were up 5.9% from the same period last year, exceeding economists’ expectations. Much of the increase was due to single-family starts, which grew 6.7% month-over-month, led by gains in the Midwest and West regions.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING SEPTEMBER 2:

  • New Listings decreased 2.1% to 1,185
  • Pending Sales decreased 6.1% to 933
  • Inventory decreased 11.3% to 8,255

FOR THE MONTH OF JULY:

  • Median Sales Price remained flat at $375,000
  • Days on Market increased 31.8% to 29
  • Percent of Original List Price Received decreased 0.7% to 100.8%
  • 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: Weekly Report

Recent Posts

  • New Listings and Pending Sales
  • Inventory
  • Weekly Market Report
  • New Listings and Pending Sales
  • Inventory
Mark J Duevel

Coldwell Banker Realty

Wayzata Office

235 Lake Street East, Suite 100

Wayzata, MN 55391-1774


952.473.3000 (Office )

612.963.7128 (Mobile)

CB Logo
Jeff L Martineau

Coldwell Banker Realty

Wayzata Office

235 Lake Street East, Suite 100

Wayzata, MN 55391-1774


952.473.3000 (Office )

952.210.2626 (Mobile)

MSLLC Base

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

  • Search
  • Listings
  • Sales
  • Resources
    • Sellers
    • Buyers
  • About
    • Mark Duevel
    • Jeff Martineau
  • Contact
    • Contact Jeff
    • Contact Mark