The U.S. housing supply gap grew to an estimated 4.03 million homes in 2025, up from 3.8 million in 2024, according to Realtor®.com’s 2026 Housing Supply Gap Report. Last year, approximately 1.4 million households were formed, exceeding 1.36 million new housing starts. 2025 marked the third-largest annual deficit since 2012, behind only 2020 and 2023.

In the Twin Cities region, for the week ending June 13:

• New Listings increased 10.9% to 1,817
• Pending Sales increased 1.2% to 1,198
• Inventory increased 5.4% to 10,923

For the month of May:

• Median Sales Price increased 1.2% to $399,900
• Days on Market increased 2.3% to 45
• Percent of Original List Price Received decreased 0.3% to 99.7%
• Months Supply of Homes For Sale increased 3.7% to 2.8

All comparisons are to 2025

Click here for the full Weekly Market Activity Report. From MAAR Market Data News.