For Week Ending July 12, 2025
As housing inventory builds up, an increasing number of U.S. homebuilders have been making price reductions to help boost new-home sales. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), 37% of builders reported cutting prices in June, up from 34% in May. The average price reduction was 5%, while the use of sales incentives, including mortgage rate buydowns, rose slightly to 62%.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JULY 12:
- New Listings increased 9.9% to 1,843
- Pending Sales increased 3.9% to 949
- Inventory increased 5.8% to 9,901
FOR THE MONTH OF JUNE:
- Median Sales Price increased 2.8% to $401,000
- Days on Market increased 11.4% to 39
- Percent of Original List Price Received decreased 0.1% to 100.0%
- Months Supply of Homes For Sale increased 4.0% to 2.6
All comparisons are to 2024
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.
For Week Ending July 5, 2025
U.S. pending home sales rose more than expected, climbing 1.8% month-over-month and 1.1% year-over-year, according to the National Association of Realtors®. All four regions reported monthly increases, with the West recording the largest gain. Year-over-year, pending sales advanced in the Midwest and South but decreased in the Northeast and West.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JULY 5:
- New Listings increased 12.6% to 1,042
- Pending Sales increased 5.6% to 888
- Inventory increased 4.8% to 9,864
FOR THE MONTH OF MAY:
- Median Sales Price increased 2.6% to $395,000
- Days on Market increased 7.3% to 44
- Percent of Original List Price Received remained flat at 100.0%
- Months Supply of Homes For Sale increased 8.3% to 2.6
All comparisons are to 2024
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.
For Week Ending June 28, 2025
Middle-income buyers—those earning between $75,000 and $100,000 annually—can afford 21.2% of all home listings, up from 20.8% a year ago, according to a new report from the National Association of Realtors® and Realtor®.com. While an improvement, affordability remains far below pre-pandemic levels: in 2019, buyers in this income bracket could afford nearly 49% of listings.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JUNE 28:
- New Listings decreased 0.3% to 1,410
- Pending Sales decreased 2.3% to 1,040
- Inventory increased 4.9% to 10,046
FOR THE MONTH OF MAY:
- Median Sales Price increased 2.6% to $395,000
- Days on Market increased 7.3% to 44
- Percent of Original List Price Received remained flat at 100.0%
- Months Supply of Homes For Sale increased 8.3% to 2.6
All comparisons are to 2024
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.
For Week Ending June 21, 2025
Housing inventory increased 31.5% year-over-year, according to Realtor®.com’s May 2025 Monthly Housing Market Trends Report, as the number of homes for sale topped 1 million for the first time since Winter 2019. Inventory rose year-over-year in all four regions, with the largest gain in the West (40.7%), followed by the South (32.9%), the Midwest (22.9%), and the Northeast (19.0%).
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JUNE 21:
- New Listings decreased 2.3% to 1,519
- Pending Sales decreased 6.2% to 1,029
- Inventory increased 4.9% to 9,939
FOR THE MONTH OF MAY:
- Median Sales Price increased 2.6% to $395,000
- Days on Market increased 7.3% to 44
- Percent of Original List Price Received remained flat at 100.0%
- Months Supply of Homes For Sale increased 8.3% to 2.6
All comparisons are to 2024
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.