The number of homes actively for sale increased for the 22nd consecutive month, rising 20.9% year-over-year in August, according to Realtor®.com’s August 2025 Monthly Housing Market Trends Report. At the same time, the national median list price declined 2.2% from the previous month to $429,990, with 20.3% of listings receiving price cuts as sellers responded to changing market conditions.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING SEPTEMBER 20:

• New Listings decreased 7.5% to 1,354
• Pending Sales increased 9.7% to 981
• Inventory increased 0.8% to 10,704

FOR THE MONTH OF AUGUST:

• Median Sales Price increased 2.8% to $399,999
• Days on Market increased 5.0% to 42
• Percent of Original List Price Received remained flat at 98.7%
• Months Supply of Homes For Sale decreased 3.6% to 2.7/li>

All comparisons are to 2024

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

In a rare shift for the U.S. housing market, new homes have become more affordable than existing homes. According to the U.S. Census Bureau, the median sales price of a new home was $403,800 in July, compared to $422,400 for an existing home. New-home prices have declined year-over-year for eight consecutive quarters, while existing-home prices have continued to rise.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING SEPTEMBER 13:

• New Listings increased 7.4% to 1,570
• Pending Sales increased 5.2% to 892
• Inventory increased 0.5% to 10,517

FOR THE MONTH OF AUGUST:

• Median Sales Price increased 2.8% to $400,000
• Days on Market increased 5.0% to 42
• Percent of Original List Price Received remained flat at 98.7%
• Months Supply of Homes For Sale decreased 3.6% to 2.7/li>

All comparisons are to 2024

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

U.S. housing starts rose to a five-month high, climbing 5.2% month-over-month and 12.9% year-over-year to a seasonally adjusted annual rate of 1,428,000 units, according to the U.S. Census Bureau. The gain was driven primarily by multi-family starts, which surged 11.6% from the previous month to 470,000 units, while single family starts increased 2.8% to 939,000 units.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING SEPTEMBER 6:

• New Listings increased 8.2% to 1,574
• Pending Sales increased 6.5% to 825
• Inventory increased 1.4% to 10,325

FOR THE MONTH OF AUGUST:

• Median Sales Price increased 2.8% to $399,999
• Days on Market increased 5.0% to 42
• Percent of Original List Price Received remained flat at 98.7%
• Months Supply of Homes For Sale decreased 3.6% to 2.7/li>

All comparisons are to 2024

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

Investors purchased 265,000 homes—nearly 27% of all homes sold—in the first quarter of 2025, according to a recent report from BatchData. That’s a 1.2% increase from the same period last year and represents the highest share in at least five years. Between 2020 and 2023, investors purchased an average of 18.5% of homes sold. Investor-owned properties now account for approximately 20% of the country’s 86 million single-family homes.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING AUGUST 30:

• New Listings increased 2.9% to 1,158
• Pending Sales increased 7.9% to 952
• Inventory increased 1.1% to 10,399

FOR THE MONTH OF JULY:

• Median Sales Price increased 2.6% to $395,000
• Days on Market increased 11.1% to 40
• Percent of Original List Price Received decreased 0.2% to 99.3%
• Months Supply of Homes For Sale remained flat at 2.7

All comparisons are to 2024

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