Inventory
Weekly Market Report
U.S. sales of new residential homes fell 17.6% month-over-month and 11.3% year-over-year to a seasonally adjusted annual rate of 587,000 units in January, according to the most recent data from the U.S. Census Bureau. The median new home sales price declined 4.5% from the previous month to $400,500, a 6.8% decrease from the same time last year.
In the Twin Cities region, for the week ending April 18:
- New Listings increased 12.9% to 1,655
- Pending Sales increased 6.8% to 1,120
- Inventory increased 8.8% to 9,387
For the month of March:
- Median Sales Price remained flat at $380,000
- Days on Market increased 5.1% to 62
- Percent of Original List Price Received decreased 0.5% to 98.5%
- Months Supply of Homes For Sale increased 4.5% to 2.3
All comparisons are to 2025
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.
March Monthly Skinny Video
The 30-Year Fixed-Rate Mortgage Declines Further
The 30-year fixed-rate mortgage declined again this week to 6.23%. Rates currently stand at their lowest level in the last three spring homebuying seasons. This improvement, coupled with a pickup in purchase applications and refinance activity, as well as an increase in monthly pending home sales, underscores signs of improving momentum in the market.
- The 30-year fixed-rate mortgage averaged 6.23% as of April 23, 2026, down from last week when it averaged 6.30%. A year ago at this time, the 30-year FRM averaged 6.81%.
- The 15-year fixed-rate mortgage averaged 5.58%, down from last week when it averaged 5.65%. A year ago at this time, the 15-year FRM averaged 5.94%.
Information provided by Freddie Mac.
New Listings and Pending Sales
Inventory
Existing Home Sales
Weekly Market Report
44.6% of mortgaged residential properties in the U.S. were considered equity-rich—defined as having a loan-to-value ratio of 50% or lower—in the fourth quarter of 2025, according to ATTOM’s Q4 2025 U.S. Home Equity and Underwater Report. That represents a slight decline from the third quarter of 2025, when 46.1% of properties met that threshold. Among states, Vermont had the highest share of equity-rich homes at 87%, followed by New Hampshire at 60.2%, and Rhode Island at 59.4%.
In the Twin Cities region, for the week ending April 11:
- New Listings increased 11.4% to 1,733
- Pending Sales decreased 7.0% to 989
- Inventory increased 5.8% to 8,910
For the month of March:
- Median Sales Price remained flat at $380,000
- Days on Market increased 5.1% to 62
- Percent of Original List Price Received decreased 0.5% to 98.5%
- Months Supply of Homes For Sale increased 4.5% to 2.3
All comparisons are to 2025
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.




