Ted Bergstrom

MN Real Estate Team

612.723.5444

Ted@TedBergstrom.com

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Weekly Market Report

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For Week Ending August 29, 2026

Mortgage rates edged higher this week, with the 30-year fixed-rate mortgage averaging 6.71% as of September 3, according to Freddie Mac. This is up from 6.66% the prior week and 6.50% a year ago. Purchase demand has remained relatively stable, indicating steady interest from buyers adapting to evolving market conditions despite rates hovering near multi-year highs.

In the Twin Cities region, for the week ending August 29:

  • New Listings increased 15.9% to 1,391
  • Pending Sales decreased 5.6% to 908
  • Inventory increased 9.6% to 11,947

For the month of July:

  • Median Sales Price increased 3.3% to $408,000
  • Days on Market remained flat at 40
  • Percent of Original List Price Received decreased 0.2% to 99.1%
  • Months Supply of Homes For Sale increased 7.1% to 3.0

All comparisons are to 2025

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

Weekly Market Report

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For Week Ending August 22, 2026

The national median existing-home sales price climbed to $431,400 in July, as inventory held at a 4.6-month supply at the current sales pace, according to the National Association of Realtors®. Homes are sitting on the market longer and fewer buyers are bidding above asking price compared to a year earlier, though conditions vary widely by local market.

In the Twin Cities region, for the week ending August 22:

  • New Listings increased 7.1% to 1,482
  • Pending Sales increased 4.9% to 960
  • Inventory increased 9.0% to 11,904

For the month of July:

  • Median Sales Price increased 3.3% to $408,000
  • Days on Market remained flat at 40
  • Percent of Original List Price Received decreased 0.2% to 99.1%
  • Months Supply of Homes For Sale increased 7.1% to 3.0

All comparisons are to 2025

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

Inventory

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Weekly Market Report

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For Week Ending August 15, 2026

The housing market continues at a slow pace this summer. Mortgage rates offer little relief to buyers, with the 30-year fixed -rate mortgage averaging 6.67% as of August 13, according to Freddie Mac. This is up from 6.58% a year ago, but slightly down from the prior week when it was 6.69%. Buyers are also fighting higher prices at the pump and the store, which limits home purchasing power.

In the Twin Cities region, for the week ending August 15:

  • New Listings increased 4.5% to 1,563
  • Pending Sales increased 1.2% to 1,046
  • Inventory increased 9.0% to 11,805

For the month of July:

  • Median Sales Price increased 3.4% to $408,238
  • Days on Market remained flat at 40
  • Percent of Original List Price Received decreased 0.2% to 99.1%
  • Months Supply of Homes For Sale increased 7.1% to 3.0

All comparisons are to 2025

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

Inventory

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Weekly Market Report

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For Week Ending August 8, 2026

The dog days of summer brought us sluggish buyer volume and stubbornly high prices. The national median sales price reached $434,100 in July—a 2% year-over-year increase—as the ongoing “lock-in effect” kept homeowners with ultra-low pandemic-era mortgages from listing their properties. Existing-home sales dropped 1.7% month-over-month in July to a seasonally adjusted annual pace of 4.06 million units, according to the National Association of Realtors®.

In the Twin Cities region, for the week ending August 8:

  • New Listings increased 14.6% to 1,648
  • Pending Sales decreased 0.6% to 1,012
  • Inventory increased 8.2% to 11,645

For the month of July:

  • Median Sales Price increased 3.4% to $408,238
  • Days on Market remained flat at 40
  • Percent of Original List Price Received decreased 0.2% to 99.1%
  • Months Supply of Homes For Sale increased 7.1% to 3.0

All comparisons are to 2025

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

Inventory

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Inventory

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