For Week Ending May 31, 2025

Mortgage applications for new home purchases increased 2% month-over-month and 5.3% year-over-year, according to the Mortgage Bankers Association (MBA) Builder Application Survey, marking the second straight month of annual gains and the highest level of new home applications in the survey’s history. Meanwhile, the average loan amount for new homes decreased from $381,921 to $376,992.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING MAY 31:

• New Listings decreased 2.8% to 1,467
• Pending Sales decreased 5.5% to 925
• Inventory increased 6.4% to 9,454

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.

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.

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.

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.

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.

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.

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.

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.