At present, 62% of Americans own a home, while 34% say they rent, according to a recent Gallup survey. Among non homeowners, 30% plan to purchase a home within the next five years, 23% plan to do so within the next ten years, and 45% have no plans to buy a home in the foreseeable future. Renters say the cost of homeownership, including a down payment, is the greatest barrier to purchasing a home.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING AUGUST 16:

• New Listings increased 9.2% to 1,466
• Pending Sales increased 6.8% to 1,007
• Inventory increased 1.0% to 10,344

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.

The average monthly mortgage payment on a median-priced home reached a record high of $2,570 in 2024, based on a 30-year fixed-rate loan and a 3.5% down payment, according to the State of the Nation’s Housing 2025 report from Harvard University’s Joint Center for Housing Studies. Using a 31% debt-to-income ratio, a homebuyer would need to earn at least $126,700 per year to afford that monthly payment.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING AUGUST 9:

• New Listings decreased 6.9% to 1,408
• Pending Sales increased 8.5% to 1,005
• Inventory increased 2.2% to 10,268

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.

U.S. housing starts rose 4.6% month-over-month to a seasonally adjusted annual rate of 1,321,000 units, according to the U.S. Census Bureau. Single-family housing starts decreased 4.6% from the previous month to a seasonally adjusted annual rate of 883,000 units, while multi-family starts jumped 30.6% to 414,000 units.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING AUGUST 2:

• New Listings increased 2.0% to 1,514
• Pending Sales decreased 8.3% to 979
• Inventory increased 3.4% to 10,301

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.

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.

U.S. pending home sales rose more than expected, climbing 1.8% month-over-month and 1.1% year-over-year, according to the National Association of Realtors®. All four regions reported monthly increases, with the West recording the largest gain. Year-over-year, pending sales advanced in the Midwest and South but decreased in the Northeast and West.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JULY 5:

• New Listings increased 12.6% to 1,042
• Pending Sales increased 5.6% to 888
• Inventory increased 4.8% to 9,864

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.

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.

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.