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Inventory

June 9, 2025 by Ed Klein

Filed Under: Inventory

Weekly Market Report

June 9, 2025 by Ed Klein

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.

Filed Under: Inventory

Mortgage Rates Move Down

June 5, 2025 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.

Filed Under: Interest Rates

New Listings and Pending Sales

June 2, 2025 by Ed Klein

Filed Under: Listings and Pendings

Inventory

June 2, 2025 by Ed Klein

Filed Under: Inventory

Weekly Market Report

June 2, 2025 by Ed Klein

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.

Filed Under: Inventory

New Listings and Pending Sales

May 27, 2025 by Ed Klein

Filed Under: Listings and Pendings

Inventory

May 27, 2025 by Ed Klein

Filed Under: Inventory

Weekly Market Report

May 27, 2025 by Ed Klein

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.

Filed Under: Inventory

Existing Home Sales

May 22, 2025 by Ed Klein

Filed Under: Existing Home Sales

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