For Week Ending August 12, 2023
Seller profit margins are up nationwide following three quarterly declines, according to ATTOM’s Q2 2023 U.S. Home Sales Report. Typical profit margins on medianpriced single-family and condo sales climbed to 47.7% in the second quarter of 2023, up from 43.9% the previous quarter, representing the first increase in a year. The rise in profit margins was boosted by recent growth in median single-family home and condo prices, which increased in more than 90% of the country in Q2, according to the report.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING AUGUST 12:
- New Listings decreased 7.4% to 1,398
- Pending Sales decreased 10.5% to 1,068
- Inventory decreased 14.4% to 8,065
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 10.5% to 2.1
All comparisons are to 2022
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.