Nationally, active listings reached 1.08 million in June, a 28.9% increase from a year earlier, according to Realtor®.com’s June 2025 Monthly Housing Market Trends Report. The typical home spent 53 days on the market, five days longer than last June, while 20.7% of listings had price reductions, the highest June share since at least 2016.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JULY 26:

• New Listings decreased 4.7% to 1,433
• Pending Sales increased 5.5% to 1,016
• Inventory increased 4.0% to 10,262

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.

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.