Ted Bergstrom

For Week Ending September 12, 2026

Buyers shopping this fall will find more options and less competition. Active inventory rose 3% year over year in August to 1.41 million homes — the widest selection since mid-2020 — while more than one in four listings saw a price reduction, according to Zillow’s August Market Report. Meanwhile, the Federal Reserve raised its benchmark rate this week for the first time in more than three years, and mortgage rates climbed to 6.95%, up from 6.66% just three weeks ago, according to Freddie Mac. For clients actively searching, now is a good time to discuss rate-lock options with their lender.

In the Twin Cities region, for the week ending September 12:

• New Listings increased 0.4% to 1,605
• Pending Sales decreased 15.9% to 769
• Inventory increased 9.1% to 11,970

For the month of August:

• Median Sales Price increased 1.2% to $404,950
• Days on Market increased 7.1% to 45
• Percent of Original List Price Received decreased 0.6% to 98.2%
• Months Supply of Homes For Sale increased 10.7% to 3.1

All comparisons are to 2025

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

For Week Ending September 5, 2026

The economy added 162,000 jobs in August, more than three times what forecasters expected, according to the Bureau of Labor Statistics. The strong report, combined with upward revisions to prior months, suggests the job market remains resilient despite higher borrowing costs. Residential construction added 7,300 positions as builders continue to address housing supply. For buyers weighing their options, the robust employment picture signals stability — but it also raises the odds that the Federal Reserve may raise rates at its September meeting, making now a potentially opportune time to lock in financing.

In the Twin Cities region, for the week ending September 5:

• New Listings decreased 16.7% to 1,335
• Pending Sales increased 7.8% to 916
• Inventory increased 10.1% to 11,879

For the month of July:

• Median Sales Price increased 3.4% to $408,475
• Days on Market increased 2.5% to 41
• Percent of Original List Price Received decreased 0.2% to 99.1%
• Months Supply of Homes For Sale increased 10.7% to 3.1

All comparisons are to 2025

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