New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending July 18, 2026
Baby boomer homeowner households are projected to decline from approximately 32 million in 2022 to about 23 million by 2035, a net reduction of 9.2 million households, according to Freddie Mac. While baby boomers represent roughly 20% of the U.S. population, they accounted for 42% of homebuyers in 2025, according to the National Association of Realtors®, making the aging of the baby boomer generation a significant factor shaping the housing market.
In the Twin Cities region, for the week ending July 18:
- New Listings increased 8.6% to 1,616
- Pending Sales decreased 5.4% to 992
- Inventory increased 6.8% to 11,418
For the month of June:
- Median Sales Price increased 2.1% to $410,000
- Days on Market increased 7.7% to 42
- Percent of Original List Price Received decreased 0.4% to 99.6%
- Months Supply of Homes For Sale increased 7.4% to 2.9
All comparisons are to 2025
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.
Mortgage Rates Average 6.58%
July 23, 2026
The 30-year fixed-rate mortgage averaged 6.58% this week. As market conditions continue to evolve, borrowers should remember that shopping around for a mortgage rate can make a meaningful difference, potentially saving them thousands over the loan’s lifetime.
- The 30-year fixed-rate mortgage averaged 6.58% as of July 23, 2026, up from last week when it averaged 6.55%. A year ago at this time, the 30-year FRM averaged 6.74%.
- The 15-year fixed-rate mortgage averaged 5.96%, up from last week when it averaged 5.93%. A year ago at this time, the 15-year FRM averaged 5.87%.
Information provided by Freddie Mac.
June Monthly Skinny Video
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending July 11, 2026
A family earning the nation’s median income of $106,800 needed to spend 32% of its income to afford the mortgage payment on a median-priced home in the first quarter of 2026, according to the National Association of Home Builders (NAHB)/Wells Fargo Cost of Housing Index (CHI). That represents a modest improvement from the fourth quarter of 2025, when a family needed to spend 34% of its income on housing.
In the Twin Cities region, for the week ending July 11:
- New Listings decreased 3.8% to 1,818
- Pending Sales increased 0.9% to 965
- Inventory increased 7.1% to 11,119
For the month of June:
- Median Sales Price increased 2.1% to $410,000
- Days on Market increased 7.7% to 42
- Percent of Original List Price Received decreased 0.4% to 99.6%
- Months Supply of Homes For Sale increased 7.4% to 2.9
All comparisons are to 2025
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.
