Monday, July 7th, 2025
For Week Ending June 28, 2025
Middle-income buyers—those earning between $75,000 and $100,000 annually—can afford 21.2% of all home listings, up from 20.8% a year ago, according to a new report from the National Association of Realtors® and Realtor®.com. While an improvement, affordability remains far below pre-pandemic levels: in 2019, buyers in this income bracket could afford nearly 49% of listings.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JUNE 28:
- New Listings decreased 0.3% to 1,410
- Pending Sales decreased 2.3% to 1,040
- Inventory increased 4.9% to 10,046
FOR THE MONTH OF MAY:
- Median Sales Price increased 2.6% to $395,000
- Days on Market increased 7.3% to 44
- Percent of Original List Price Received remained flat at 100.0%
- Months Supply of Homes For Sale increased 8.3% to 2.6
All comparisons are to 2024
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.
Posted in Inventory
Thursday, July 3rd, 2025
July 3, 2025
The average 30-year fixed-rate mortgage decreased for the fifth consecutive week. This is the largest weekly decline since early March. Declining mortgage rates are encouraging and, while overall affordability challenges remain, more sellers are entering the market giving prospective buyers an advantage.
Information provided by Freddie Mac.
Posted in Interest Rates
Monday, June 30th, 2025
For Week Ending June 21, 2025
Housing inventory increased 31.5% year-over-year, according to Realtor®.com’s May 2025 Monthly Housing Market Trends Report, as the number of homes for sale topped 1 million for the first time since Winter 2019. Inventory rose year-over-year in all four regions, with the largest gain in the West (40.7%), followed by the South (32.9%), the Midwest (22.9%), and the Northeast (19.0%).
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JUNE 21:
- New Listings decreased 2.3% to 1,519
- Pending Sales decreased 6.2% to 1,029
- Inventory increased 4.9% to 9,939
FOR THE MONTH OF MAY:
- Median Sales Price increased 2.6% to $395,000
- Days on Market increased 7.3% to 44
- Percent of Original List Price Received remained flat at 100.0%
- Months Supply of Homes For Sale increased 8.3% to 2.6
All comparisons are to 2024
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.
Posted in Inventory
Thursday, June 26th, 2025
June 26, 2025
Borrowers should find comfort in the stability of mortgage rates, which have only fluctuated within a narrow 15-basis point range since mid-April. Although recent data show that home sales remain low, the resulting available inventory provides homebuyers with a wider range of options to consider when entering the market.
Information provided by Freddie Mac.
Posted in Interest Rates
