June 5, 2025
The average mortgage rate decreased this week, which is welcome news to potential homebuyers who also are seeing inventory improve and house price growth slow.
Information provided by Freddie Mac.
651-770-5000
by Ed Klein
June 5, 2025
The average mortgage rate decreased this week, which is welcome news to potential homebuyers who also are seeing inventory improve and house price growth slow.
Information provided by Freddie Mac.
by Ed Klein
by Ed Klein
by Ed Klein
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:
FOR THE MONTH OF APRIL:
All comparisons are to 2024
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.