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Weekly Market Report

For Week Ending May 24, 2025

According to Realtor®.com, 18% of listings had a price reduction in April, up from 15.5% one year earlier, and the highest share for April going back to 2016. Among major metropolitan areas, Phoenix, AZ, had the highest share of listings with price cuts, at 31.3%, followed by Tampa, FL and Jacksonville, FL, at 29.3% and 27.6%, respectively.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING MAY 24:

  • New Listings increased 5.2% to 1,412
  • Pending Sales increased 0.8% to 1,153
  • Inventory increased 6.6% to 9,442

FOR THE MONTH OF APRIL:

  • Median Sales Price increased 3.7% to $399,900
  • Days on Market increased 6.5% to 49
  • Percent of Original List Price Received decreased 0.2% to 99.7%
  • Months Supply of Homes For Sale increased 4.5% to 2.3

All comparisons are to 2024

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

Weekly Report

Weekly Market Report

For Week Ending May 17, 2025

There were 30.6% more homes actively for sale in April compared to the same time last year, according to Realtor®.com’s latest Monthly Housing Market Trends Report, marking the 18th consecutive month of annual growth and a new post-pandemic high. Although buyers may have additional options in their home search, supply remains 16.3% lower than typical 2017-2019 levels.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING MAY 17:

  • New Listings increased 0.7% to 1,711
  • Pending Sales decreased 0.3% to 1,035
  • Inventory increased 4.6% to 9,080

FOR THE MONTH OF APRIL:

  • Median Sales Price increased 3.7% to $399,900
  • Days on Market increased 6.5% to 49
  • Percent of Original List Price Received decreased 0.2% to 99.7%
  • Months Supply of Homes For Sale increased 4.5% to 2.3

All comparisons are to 2024

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

Weekly Report

Weekly Market Report

For Week Ending May 10, 2025

With home prices on the rise, down payments continue to grow nationwide. According to Realtor®.com, buyers paid an average of 14.4% of the purchase price, or $30,250, in the fourth quarter of 2024, a new Q4 record. Overall, 2024 saw the highest down payments since tracking began in 2013, both as a share of the purchase price and as a dollar amount.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING MAY 10:

  • New Listings increased 2.1% to 1,629
  • Pending Sales increased 1.7% to 1,054
  • Inventory increased 3.9% to 8,743

FOR THE MONTH OF APRIL:

  • Median Sales Price increased 3.7% to $399,900
  • Days on Market increased 8.7% to 50
  • Percent of Original List Price Received decreased 0.2% to 99.7%
  • Months Supply of Homes For Sale increased 4.5% to 2.3

All comparisons are to 2024

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

Weekly Report

Weekly Market Report

For Week Ending May 3, 2025

U.S. pending home sales increased 6.1% from the previous month, the largest monthly increase since December 2023, according to the National Association of Realtors®. Economists polled by Reuters had forecast an increase of 1% for the month. Monthly pending sales activity was up in the West, Midwest, and South, while the Northeast saw a decline.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING MAY 3:

  • New Listings decreased 0.2% to 1,635
  • Pending Sales increased 2.6% to 1,129
  • Inventory increased 5.7% to 8,663

FOR THE MONTH OF MARCH:

  • Median Sales Price increased 3.5% to $380,000
  • Days on Market increased 7.3% to 59
  • Percent of Original List Price Received increased 0.2% to 99.0%
  • Months Supply of Homes For Sale increased 5.0% to 2.1

All comparisons are to 2024

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

Weekly Report

Weekly Market Report

For Week Ending April 26, 2025

U.S. housing starts fell 11.4% month-over-month to a seasonally adjusted annual rate of 1,324,000 units, according to the U.S. Census Bureau, as increased material costs weigh on homebuilders. Single-family starts decreased 14.2% from the previous month to a seasonally adjusted annual rate of 940,000 units, while multifamily starts remained unchanged at 371,000 units. Housing inventory continues to grow nationwide, climbing 28.5% year-over-year, according to Realtor®.com’s March 2025 Monthly Housing Market Trends Report. New listing activity increased 10.2% from one year ago, marking the most active March for new listings since 2022. On average, homes spent 53 days on the market, three days more than the same time last year, with 17.5% of homes receiving price reductions.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING APRIL 26:

  • New Listings increased 9.4% to 1,597
  • Pending Sales decreased 5.1% to 973
  • Inventory increased 3.5% to 8,302

FOR THE MONTH OF MARCH:

  • Median Sales Price increased 3.5% to $380,000
  • Days on Market increased 7.3% to 59
  • Percent of Original List Price Received increased 0.2% to 99.0%
  • Months Supply of Homes For Sale increased 5.0% to 2.1

All comparisons are to 2024

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

Weekly Report

Weekly Market Report

For Week Ending April 19, 2025

Housing inventory continues to grow nationwide, climbing 28.5% year-over-year, according to Realtor®.com’s March 2025 Monthly Housing Market Trends Report. New listing activity increased 10.2% from one year ago, marking the most active March for new listings since 2022. On average, homes spent 53 days on the market, three days more than the same time last year, with 17.5% of homes receiving price reductions.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING APRIL 19:

  • New Listings decreased 0.4% to 1,428
  • Pending Sales increased 3.2% to 1,035
  • Inventory increased 3.3% to 8,170

FOR THE MONTH OF MARCH:

  • Median Sales Price increased 3.5% to $380,000
  • Days on Market increased 7.3% to 59
  • Percent of Original List Price Received increased 0.2% to 99.0%
  • Months Supply of Homes For Sale increased 5.0% to 2.1

All comparisons are to 2024

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

Weekly Report

March Monthly Skinny Video

Monthly Skinny Video

Weekly Market Report

For Week Ending April 12, 2025

The national median mortgage payment remained unchanged at $2,205 in February, and was up 1.0%, or $21, compared to the same time last year, according to the Mortgage Bankers Association. For conventional loan applicants, the national median mortgage payment held steady at $2,226, while the national median mortgage payment for FHA loan applicants dipped to $1,907, down from $1,934 the previous month.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING APRIL 12:

  • New Listings decreased 0.1% to 1,518
  • Pending Sales increased 5.4% to 1,057
  • Inventory increased 3.1% to 7,956

FOR THE MONTH OF MARCH:

  • Median Sales Price increased 3.5% to $380,000
  • Days on Market increased 7.3% to 59
  • Percent of Original List Price Received increased 0.2% to 99.0%
  • Months Supply of Homes For Sale increased 5.0% to 2.1

All comparisons are to 2024

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

Weekly Report

Weekly Market Report

For Week Ending April 5, 2025

Mortgage application volume increased 20% from one week earlier, according to the Mortgage Bankers Association, as a drop in rates caused a spike in demand. Purchase applications rose 9% from the previous week and were 24% higher than the same week a year ago, while refinance applications increased 35% from the previous week and were up 93% from the same week a year ago.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING APRIL 5:

  • New Listings increased 8.4% to 1,534
  • Pending Sales increased 18.7% to 1,043
  • Inventory increased 4.0% to 7,788

FOR THE MONTH OF FEBRUARY:

  • Median Sales Price increased 6.1% to $380,000
  • Days on Market increased 16.9% to 69
  • Percent of Original List Price Received increased 0.2% to 97.7%
  • Months Supply of Homes For Sale increased 5.3% to 2.0

All comparisons are to 2024

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

Weekly Report

Weekly Market Report

For Week Ending March 29, 2025

A family with a national median income of $97,800 needed 38% of their income to make the monthly mortgage payment on a median-priced new home ($419,200) in the fourth quarter of 2024, according to the latest NAHB / Wells Fargo Cost of Housing Index (CHI). For existing homes, a family needed to spend 37% of their income to afford the monthly payment on a median-priced home ($410,100).

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING MARCH 29:

  • New Listings increased 23.6% to 1,300
  • Pending Sales increased 13.5% to 1,067
  • Inventory increased 3.5% to 7,750

FOR THE MONTH OF FEBRUARY:

  • Median Sales Price increased 6.1% to $380,000
  • Days on Market increased 16.9% to 69
  • Percent of Original List Price Received increased 0.2% to 97.7%
  • Months Supply of Homes For Sale increased 5.3% to 2.0

All comparisons are to 2024

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

Weekly Report

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Rave Reviews

My fiancé & I purchased our 1st home thru Joe Kasel. We had a great experience start to finish!
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Alex & Kelsey S.


Thank you for being my Realtor.  What you did to get my lake home SOLD was phenomenal ! It was my l
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-
Jean F.


Recent Posts

  • Weekly Market Report
  • Weekly Market Report
  • Weekly Market Report
  • Weekly Market Report
  • Weekly Market Report

Testimonials

My fiancé & I purchased our 1st home thru Joe Kasel. We had a great experience start to finish!
Read More...


-
Alex & Kelsey S.


Thank you for being my Realtor.  What you did to get my lake home SOLD was phenomenal ! It was my l
Read More...


-
Jean F.


We LOVE our new home & location! We appreciate all your time & expertise! It has been a plea
Read More...


-
Jeff & Lisa Z.


Joe helped my fiancé & myself find our 1st home. He was quick to respond when we found somethin
Read More...


-
Joe & Allie B.


As we settle into our new home, we reflect on the kind, patient & supportive service you offered
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-
Tom & Katie P.


Joe definitely went above and beyond in his duties as our Realtor. He took the time to ensure that a
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-
Kevin & Cathy
, Maple Grove, MN


Just wanted to drop you a note to let you know how pleased we were with the service you performed fo
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-
Bob & Elaine
, Roseville, MN


My husband Michael accepted a new job and our family needed to relocate as quick as possible from Ra
Read More...


-
Michael & Lori
, Shoreview, MN


Thanks for doing such a great job marketing our home in Arden Hills! It is hard to believe that it w
Read More...


-
Barb & Brian
, Roseville, MN


Our neighbor Bill referred Joe to us after he sold his Mom’s house in St. Anthony. We told our
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-
Joy & Tom
, Arden Hills


I worked with Joe on the sale of my mother’s home in St. Anthony Village after someone referre
Read More...


-
Bill
, Arden Hills ----mothers' home sold in St. Anthony Village, MN


We could of never accomplished our goals without your help! How often does a Realtor approach the ow
Read More...


-
Bob & Colette
, North Oaks, MN & St. Anthony Village, MN


Back in November of 2009, we decided to sell our town home. We interviewed a number of realtors, but
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-
Jeff and Sarah
, New Brighton,MN


I just wanted to send you a quick thank you for all your efforts on our behalf in the sale of our ho
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-
John & Judy
, New Brighton, MN


In today’s real estate market, Joe knows exactly what to do!    Throughout the sales cycl
Read More...


-
Tina M
, NE Minneapolis, MN


STAY IN TOUCH

JOE KASEL
Sales Executive
612-532-1177
Joe@KaselHomes.com

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