New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending August 15, 2026
The housing market continues at a slow pace this summer. Mortgage rates offer little relief to buyers, with the 30-year fixed -rate mortgage averaging 6.67% as of August 13, according to Freddie Mac. This is up from 6.58% a year ago, but slightly down from the prior week when it was 6.69%. Buyers are also fighting higher prices at the pump and the store, which limits home purchasing power.
In the Twin Cities region, for the week ending August 15:
- New Listings increased 4.5% to 1,563
- Pending Sales increased 1.2% to 1,046
- Inventory increased 9.0% to 11,805
For the month of July:
- Median Sales Price increased 3.4% to $408,238
- Days on Market remained flat at 40
- Percent of Original List Price Received decreased 0.2% to 99.1%
- Months Supply of Homes For Sale increased 7.1% to 3.0
All comparisons are to 2025
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.
Mortgage Rates Decline for Second Consecutive Week
August 20, 2026
The 30-year fixed-rate mortgage declined this week averaging 6.65%. With a dip in rates providing modest relief for homebuyers, it’s important to remember borrowers can potentially save thousands by shopping around for the best mortgage rate.
- The 30-year fixed-rate mortgage averaged 6.65% as of August 20, 2026, down from last week when it averaged 6.67%. A year ago at this time, the 30-year FRM averaged 6.58%.
- The 15-year fixed-rate mortgage averaged 5.95%, down from last week when it averaged 5.96%. A year ago at this time, the 15-year FRM averaged 5.69%.
Information provided by Freddie Mac.
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending August 8, 2026
The dog days of summer brought us sluggish buyer volume and stubbornly high prices. The national median sales price reached $434,100 in July—a 2% year-over-year increase—as the ongoing “lock-in effect” kept homeowners with ultra-low pandemic-era mortgages from listing their properties. Existing-home sales dropped 1.7% month-over-month in July to a seasonally adjusted annual pace of 4.06 million units, according to the National Association of Realtors®.
In the Twin Cities region, for the week ending August 8:
- New Listings increased 14.6% to 1,648
- Pending Sales decreased 0.6% to 1,012
- Inventory increased 8.2% to 11,645
For the month of July:
- Median Sales Price increased 3.4% to $408,238
- Days on Market remained flat at 40
- Percent of Original List Price Received decreased 0.2% to 99.1%
- Months Supply of Homes For Sale increased 7.1% to 3.0
All comparisons are to 2025
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.
