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

November 6, 2023 by Martineau Duevel

For Week Ending October 28, 2023

Elevated mortgage rates have surpassed high home prices as the primary barrier to housing affordability, according to Fannie Mae’s latest Home Price Sentiment Index (HPSI), which fell by 2.4 points to 64.5 in September. The monthly decrease in HPSI was attributed to net decreases in 5 of the Index’s 6 components—Buying Conditions, Selling Conditions, Mortgage Rate Outlook, Job Loss Concern, and Change in Household Income—with the majority of consumers reporting that they expect mortgage rates will continue to rise over the next 12 months.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING OCTOBER 28:

  • New Listings decreased 9.1% to 986
  • Pending Sales decreased 13.2% to 696
  • Inventory decreased 6.3% to 8,893

FOR THE MONTH OF SEPTEMBER:

  • Median Sales Price increased 2.4% to $371,000
  • Days on Market increased 6.3% to 34
  • Percent of Original List Price Received increased 0.4% to 99.3%
  • Months Supply of Homes For Sale increased 20.0% to 2.4

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