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.
Mortgage Rates Average 6.67%
August 13, 2026
Mortgage rates remained relatively stable this week at 6.67%. Housing affordability has improved from a year ago, and recent increases in purchase and refinance applications suggest that borrowers continue to respond to even modest changes in mortgage rates.
- The 30-year fixed-rate mortgage averaged 6.67% as of August 13, 2026, down from last week when it averaged 6.69%. A year ago at this time, the 30-year FRM averaged 6.58%.
- The 15-year fixed-rate mortgage averaged 5.96%, down from last week when it averaged 6.01%. A year ago at this time, the 15-year FRM averaged 5.71%.
Information provided by Freddie Mac.
Existing Home Sales
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending August 1, 2026
Over the past four weeks, the U.S. real estate market entered a typical summer slowdown exacerbated by borrowing pressures as average 30-year fixed mortgage rates spiked to a high of 6.66%. Despite these elevated rates tightening buyer budgets, underlying demand held firm, with pending home sales marking an eighth consecutive month of year-over-year growth at the national level.
In the Twin Cities region, for the week ending August 1:
- New Listings increased 9.3% to 1,691
- Pending Sales increased 2.1% to 1,029
- Inventory increased 6.9% to 11,550
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.
