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Weekly Market Report

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For Week Ending January 3, 2026

The National Association of REALTORS® (NAR) forecasts a 14% increase in existing-home sales in 2026, alongside a 5% rise in new-home sales. These gains are being fueled by steady job growth, softening mortgage rates, and improving overall market conditions. Home prices are projected to grow 4% this year, reflecting sustained demand and ongoing inventory constraints.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JANUARY 3:

  • New Listings decreased 18.9% to 586
  • Pending Sales decreased 11.8% to 387
  • Inventory decreased 2.6% to 7,683

FOR THE MONTH OF NOVEMBER:

  • Median Sales Price increased 2.9% to $387,000
  • Days on Market remained flat at 50
  • Percent of Original List Price Received decreased 0.2% to 97.4%
  • Months Supply of Homes For Sale remained flat at 2.5

All comparisons are to 2025

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

Mortgage Rates Drop to Lowest Level in 2025

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December 31, 2025
After starting the year close to 7%, the average 30-year fixed-rate mortgage moved to its lowest level in 2025 this week, an encouraging sign for potential homebuyers heading into the new year.

  • The 30-year fixed-rate mortgage averaged 6.15% as of December 31, 2025, down from last week when it averaged 6.18%. A year ago at this time, the 30-year FRM averaged 6.91%.
  • The 15-year fixed-rate mortgage averaged 5.44%, down from last week when it averaged 5.50%. A year ago at this time, the 15-year FRM averaged 6.13%.

Information provided by Freddie Mac.

Mortgage Rates Decrease

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November 26, 2025
Heading into the Thanksgiving holiday, mortgage rates decreased. With pending home sales at the highest level since last November, homebuyer activity continues to show resilience nearing year end.

  • The 30-year fixed-rate mortgage averaged 6.23% as of November 26, 2025, down from last week when it averaged 6.26%. A year ago at this time, the 30-year FRM averaged 6.81%.
  • The 15-year fixed-rate mortgage averaged 5.51%, down from last week when it averaged 5.54%. A year ago at this time, the 15-year FRM averaged 6.10%.

Information provided by Freddie Mac.

Weekly Market Report

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For Week Ending November 15, 2025

The U.S. housing supply gap reached 3.8 million units in 2024, according to an analysis by Realtor®.com. For the first time since 2016, new construction outpaced household formations, with more than 1.6 million units completed last year, the highest level in nearly two decades. While builders are making progress, it would still take about 7.5 years to close the housing gap at the 2024 pace of construction.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING NOVEMBER 15:

  • New Listings increased 0.7% to 1,022
  • Pending Sales decreased 1.8% to 774
  • Inventory increased 0.8% to 10,190

FOR THE MONTH OF OCTOBER:

  • Median Sales Price increased 2.1% to $389,900
  • Days on Market increased 6.7% to 48
  • Percent of Original List Price Received increased 0.3% to 98.1%
  • Months Supply of Homes For Sale decreased 3.6% to 2.7

All comparisons are to 2024

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