Metro Homes Market

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Mortgage Rates Decrease

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June 26, 2025
Borrowers should find comfort in the stability of mortgage rates, which have only fluctuated within a narrow 15-basis point range since mid-April. Although recent data show that home sales remain low, the resulting available inventory provides homebuyers with a wider range of options to consider when entering the market.

Information provided by Freddie Mac.

Weekly Market Report

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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.

Mortgage Rates Creep Lower

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June 18, 2025
Mortgage rates moved lower, with the average 30-year fixed rate reaching a four-week low. More available inventory to choose from, coupled with this week’s decline in mortgage rates, could be the spark to get potential homebuyers off the sidelines.

Information provided by Freddie Mac.

Weekly Market Report

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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.