Sales of new single-family houses were at a seasonally adjusted annual rate of 676,000 in September, according to the U.S. Census Bureau and the Department of Housing and Urban Development. New houses for sale totaled 476,000 at the end of September, 1.0% below the August estimate of 481,000, an 8.4-month supply at the current sales rate. The median sales price was $400,400, and the average sales price was $472,800, 6.7% below the September 2025 average of $506,800.

In the Twin Cities region, for the week ending October 31:

• New Listings decreased 13.9% to 1,049
• Pending Sales decreased 14.6% to 722
• Inventory increased 12.8% to 12,457

For the month of September:

• Median Sales Price increased 1.3% to $395,000
• Days on Market increased 11.4% to 49
• Percent of Original List Price Received decreased 0.7% to 97.7%
• Months Supply of Homes For Sale increased 13.8% to 3.3

All comparisons are to 2025

Click here for the full Weekly Market Activity Report. From MAAR Market Data News.

The 30-year fixed-rate mortgage averaged 7.32% as of October 22, down from 7.40% a week earlier and up from 6.19% a year ago, according to Freddie Mac. The 15-year fixed-rate mortgage averaged 6.68%, down from 6.71% the prior week and up from 5.44% a year ago. Sam Khater, Freddie Mac’s Chief Economist, said the average 30-year fixed-rate mortgage declined this week, offering some relief to prospective homebuyers.

In the Twin Cities region, for the week ending October 24:

• New Listings decreased 7.7% to 1,134
• Pending Sales decreased 19.2% to 737
• Inventory increased 13.2% to 12,616

For the month of September:

• Median Sales Price increased 1.3% to $395,000
• Days on Market increased 11.4% to 49
• Percent of Original List Price Received decreased 0.7% to 97.7%
• Months Supply of Homes For Sale increased 13.8% to 3.3

All comparisons are to 2025

Click here for the full Weekly Market Activity Report. From MAAR Market Data News.