For Week Ending June 21, 2025

Housing inventory increased 31.5% year-over-year, according to Realtor®.com’s May 2025 Monthly Housing Market Trends Report, as the number of homes for sale topped 1 million for the first time since Winter 2019. Inventory rose year-over-year in all four regions, with the largest gain in the West (40.7%), followed by the South (32.9%), the Midwest (22.9%), and the Northeast (19.0%).

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JUNE 21:

• New Listings decreased 2.3% to 1,519
• Pending Sales decreased 6.2% to 1,029
• Inventory increased 4.9% to 9,939

FOR THE MONTH OF MAY:

• Median Sales Price increased 2.6% to $395,000
• Days on Market increased 7.3% to 44
• Percent of Original List Price Received remained flat at 100.0%
• Months Supply of Homes For Sale increased 8.3% to 2.6

All comparisons are to 2024

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

For Week Ending June 14, 2025

Median priced single-family homes and condos were less affordable compared to historical averages in 97% of counties nationwide in the first quarter of 2025, according to ATTOM’s Q1 2025 U.S. Home Affordability Report. Major homeownership expenses take up 32.5% of the average national wage, which remained about the same as the fourth quarter of 2024, but is up from 31.4% a year ago.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JUNE 14:

• New Listings increased 0.9% to 1,608
• Pending Sales increased 11.0% to 1,162
• Inventory increased 6.9% to 9,878

FOR THE MONTH OF MAY:

• Median Sales Price increased 2.6% to $395,000
• Days on Market increased 7.3% to 44
• Percent of Original List Price Received remained flat at 100.0%
• Months Supply of Homes For Sale increased 8.3% to 2.6

All comparisons are to 2024

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

For Week Ending June 7, 2025

U.S. pending home sales decreased 6.3% month-over-month, according to the National Association of Realtors®, with monthly declines reported across all four regions. Year-over-year, pending sales fell in the Northeast, South, and West, but rose in the Midwest, where the typical home price is $313,000—about 25% below the national median.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JUNE 7:

• New Listings increased 0.1% to 1,705
• Pending Sales decreased 0.6% to 1,072
• Inventory increased 7.3% to 9,698

FOR THE MONTH OF MAY:

• Median Sales Price increased 2.6% to $395,000
• Days on Market increased 7.3% to 44
• Percent of Original List Price Received remained flat at 100.0%
• Months Supply of Homes For Sale increased 8.3% to 2.6

All comparisons are to 2024

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

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.