As the median age of first-time homebuyers increases, many younger buyers are turning to their parents for financial assistance when purchasing a home. A Veterans United survey found that nearly 6 in 10 parents (59%) have provided or plan to provide financial support to help their children buy a home. Parents assist in a variety of ways, including cash gifts, down payment contributions, and help with closing costs.

In the Twin Cities region, for the week ending July 25:

• New Listings increased 7.2% to 1,572
• Pending Sales increased 7.2% to 1,101
• Inventory increased 7.6% to 11,576

For the month of June:

• Median Sales Price increased 2.1% to $410,000
• Days on Market increased 7.7% to 42
• Percent of Original List Price Received decreased 0.4% to 99.6%
• Months Supply of Homes For Sale increased 7.4% to 2.9

All comparisons are to 2025

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