New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending May 23, 2026
U.S. sales of new residential homes rose 7.4% month-over-month and 3.3% year-over-year to a seasonally adjusted annual rate of 682,000 in March, according to the U.S. Census Bureau. There were approximately 481,000 new homes for sale at the end of March, representing an 8.5-month supply at the current sales pace. The median new-home sales price was $387,400, down 6.2% from a year earlier.
In the Twin Cities region, for the week ending May 23:
- New Listings increased 9.1% to 1,586
- Pending Sales increased 7.2% to 1,257
- Inventory increased 5.9% to 10,480
For the month of April:
- Median Sales Price decreased 2.0% to $392,000
- Days on Market increased 14.0% to 57
- Percent of Original List Price Received decreased 0.4% to 99.3%
- Months Supply of Homes For Sale increased 8.3% to 2.7
All comparisons are to 2025
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.
Mortgage Rates Average 6.53%
May 28, 2026
The 30-year fixed-rate mortgage averaged 6.53% this week. Pending home sales have increased three months in a row, indicating there’s latent demand and homebuyers are ready to jump back into the market if mortgage rates decline.
- The 30-year fixed-rate mortgage averaged 6.53% as of May 28, 2026, up from last week when it averaged 6.51%. A year ago at this time, the 30-year FRM averaged 6.89%.
- The 15-year fixed-rate mortgage averaged 5.87%, up from last week when it averaged 5.85%. A year ago at this time, the 15-year FRM averaged 6.03%.
Information provided by Freddie Mac.
April Monthly Skinny Video
Mortgage Rates Average 6.51%
May 21, 2026
The 30-year fixed-rate mortgage averaged 6.51% this week. As rates fluctuate, aspiring buyers should remember that by shopping around for the best mortgage rate and getting multiple quotes, they can potentially save thousands.
- The 30-year fixed-rate mortgage averaged 6.51% as of May 21, 2026, up from last week when it averaged 6.36%. A year ago at this time, the 30-year FRM averaged 6.86%.
- The 15-year fixed-rate mortgage averaged 5.85%, up from last week when it averaged 5.71%. A year ago at this time, the 15-year FRM averaged 6.01%.
Information provided by Freddie Mac.
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending May 9, 2026
2026 has been the strongest spring for new listings since 2022, with listing activity up 8.7% month-over-month and 1.1% year-over-year in April, according to Realtor®.com. Among major metropolitan areas, Virginia Beach had the strongest new listing growth at 23.8% year-over-year, followed by Indianapolis at 21.1% and Louisville at 19.2%.
In the Twin Cities region, for the week ending May 9:
- New Listings increased 4.5% to 1,751
- Pending Sales increased 14.2% to 1,242
- Inventory increased 8.9% to 9,999
For the month of April:
- Median Sales Price decreased 2.0% to $392,000
- Days on Market increased 14.0% to 57
- Percent of Original List Price Received decreased 0.4% to 99.3%
- Months Supply of Homes For Sale increased 8.3% to 2.6
All comparisons are to 2025
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.