Ted Bergstrom

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.

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.