Ted Bergstrom

For Week Ending October 24, 2026

The 30-year fixed-rate mortgage averaged 7.32% as of October 22, down from 7.40% a week earlier and up from 6.19% a year ago, according to Freddie Mac. The 15-year fixed-rate mortgage averaged 6.68%, down from 6.71% the prior week and up from 5.44% a year ago. Sam Khater, Freddie Mac’s Chief Economist, said the average 30-year fixed-rate mortgage declined this week, offering some relief to prospective homebuyers.

In the Twin Cities region, for the week ending October 24:

• New Listings decreased 7.7% to 1,134
• Pending Sales decreased 19.2% to 737
• Inventory increased 13.2% to 12,616

For the month of September:

• Median Sales Price increased 1.3% to $395,000
• Days on Market increased 11.4% to 49
• Percent of Original List Price Received decreased 0.7% to 97.7%
• Months Supply of Homes For Sale increased 13.8% to 3.3

All comparisons are to 2025

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

For Week Ending October 10, 2026

The 30-year fixed-rate mortgage averaged 7.40% as of October 8, up from 7.28% a week earlier and 6.30% a year ago, according to Freddie Mac. The 15-year fixed rate mortgage averaged 6.73%, up from 6.60% the prior week. The 30-year average has now risen for seven straight weeks.

In the Twin Cities region, for the week ending October 10:

• New Listings decreased 1.5% to 1,353
• Pending Sales decreased 12.8% to 735
• Inventory increased 12.2% to 12,512

For the month of September:

• Median Sales Price increased 1.3% to $395,000
• Days on Market increased 11.4% to 49
• Percent of Original List Price Received decreased 0.7% to 97.7%
• Months Supply of Homes For Sale increased 13.8% to 3.3

All comparisons are to 2025

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

For Week Ending October 3, 2026

Newly pending sales fell 8.5% from a year earlier in September and 11.2% from August, according to Zillow’s September Market Report. Zillow’s count of closed sales was 319,346, down 2.5% from a year earlier and 5.6% from August. The typical U.S. home value was $366,913, up 1% from a year ago, while a typical mortgage payment of $1,922 was 6.7% higher than last year, assuming a 20% down payment and excluding taxes and insurance. With 1.39 million homes for sale, 2.5% more than a year ago, and price cuts on 27.4% of listings, buyers still in the market have more room to negotiate.

In the Twin Cities region, for the week ending October 3:

• New Listings decreased 2.1% to 1,402
• Pending Sales decreased 21.0% to 782
• Inventory increased 13.1% to 12,636

For the month of August:

• Median Sales Price increased 1.0% to $404,000
• 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 26, 2026

The 30-year fixed-rate mortgage averaged 7.28% as of October 1, up from 7.03% a week earlier and 6.34% a year ago, according to Freddie Mac. The 15-year fixed rate mortgage averaged 6.60%, up from 6.42% the prior week. For active buyers, an updated payment estimate can show how the latest rate change affects their monthly principal-and-interest payment.

In the Twin Cities region, for the week ending September 26:

• New Listings increased 11.8% to 1,467
• Pending Sales decreased 14.9% to 748
• Inventory increased 11.0% to 12,460

For the month of August:

• Median Sales Price increased 1.0% to $404,000
• 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 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.