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Archives for July 2025

The 30-Year Fixed-Rate Mortgage Shows Little Movement

July 24, 2025 by Ed Klein

July 24, 2025
This week, the 30-year fixed-rate mortgage essentially remained flat at 6.74%. Overall, the backdrop for the housing market is positive as the economy continues to perform well with solid employment and income growth.

Information provided by Freddie Mac.

Filed Under: Interest Rates

Existing Home Sales

July 24, 2025 by Ed Klein

Filed Under: Existing Home Sales

June Monthly Skinny Video

July 24, 2025 by Ed Klein

Filed Under: Interest Rates

New Listings and Pending Sales

July 22, 2025 by Ed Klein

Filed Under: Listings and Pendings

Inventory

July 22, 2025 by Ed Klein

Filed Under: Inventory

Weekly Market Report

July 22, 2025 by Ed Klein

For Week Ending July 12, 2025

As housing inventory builds up, an increasing number of U.S. homebuilders have been making price reductions to help boost new-home sales. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), 37% of builders reported cutting prices in June, up from 34% in May. The average price reduction was 5%, while the use of sales incentives, including mortgage rate buydowns, rose slightly to 62%.

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

  • New Listings increased 9.9% to 1,843
  • Pending Sales increased 3.9% to 949
  • Inventory increased 5.8% to 9,901

FOR THE MONTH OF JUNE:

  • Median Sales Price increased 2.8% to $401,000
  • Days on Market increased 11.4% to 39
  • Percent of Original List Price Received decreased 0.1% to 100.0%
  • Months Supply of Homes For Sale increased 4.0% to 2.6

All comparisons are to 2024

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

Filed Under: Inventory

Mortgage Rates Continue to Move Up

July 17, 2025 by Ed Klein

July 17, 2025
The 30-year fixed-rate mortgage inched up this week and continues to stay within a narrow range under 7%. While overall affordability headwinds persist, rate stability coupled with moderately rising inventory may sway prospective buyers to act.

Information provided by Freddie Mac.

Filed Under: Interest Rates

New Listings and Pending Sales

July 14, 2025 by Ed Klein

Filed Under: Listings and Pendings

Inventory

July 14, 2025 by Ed Klein

Filed Under: Inventory

Weekly Market Report

July 14, 2025 by Ed Klein

For Week Ending July 5, 2025

U.S. pending home sales rose more than expected, climbing 1.8% month-over-month and 1.1% year-over-year, according to the National Association of Realtors®. All four regions reported monthly increases, with the West recording the largest gain. Year-over-year, pending sales advanced in the Midwest and South but decreased in the Northeast and West.

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

  • New Listings increased 12.6% to 1,042
  • Pending Sales increased 5.6% to 888
  • Inventory increased 4.8% to 9,864

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.

Filed Under: Inventory

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