A new report from Realtor®.com found that new construction homes are more likely to sell below list price than existing homes. Condos and townhomes are also more likely to sell below list price than single-family homes. As of March 2026, the average single-family home sold for 99.2% of its final list price, while the average condo sold for 97.9% of its final list price.

In the Twin Cities region, for the week ending July 4:

• New Listings increased 5.3% to 1,134
• Pending Sales increased 1.9% to 952
• Inventory increased 8.1% to 11,203

For the month of May:

• Median Sales Price increased 1.1% to $399,450
• 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.