Weekly Market Report

The national median mortgage payment remained unchanged at $2,205 in February, and was up 1.0%, or $21, compared to the same time last year, according to the Mortgage Bankers Association. For conventional loan applicants, the national median mortgage payment held steady at $2,226, while the national median mortgage payment for FHA loan applicants dipped to $1,907, down from $1,934 the previous month.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING APRIL 12:
- New Listings decreased 0.1% to 1,518
- Pending Sales increased 5.4% to 1,057
- Inventory increased 3.1% to 7,956
FOR THE MONTH OF MARCH:
- Median Sales Price increased 3.5% to $380,000
- Days on Market increased 7.3% to 59
- Percent of Original List Price Received increased 0.2% to 99.0%
- Months Supply of Homes For Sale increased 5.0% to 2.1
All comparisons are to 2024
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.
Inventory
Weekly Market Report

Mortgage application volume increased 20% from one week earlier, according to the Mortgage Bankers Association, as a drop in rates caused a spike in demand. Purchase applications rose 9% from the previous week and were 24% higher than the same week a year ago, while refinance applications increased 35% from the previous week and were up 93% from the same week a year ago.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING APRIL 5:
- New Listings increased 8.4% to 1,534
- Pending Sales increased 18.7% to 1,043
- Inventory increased 4.0% to 7,788
FOR THE MONTH OF FEBRUARY:
- Median Sales Price increased 6.1% to $380,000
- Days on Market increased 16.9% to 69
- Percent of Original List Price Received increased 0.2% to 97.7%
- Months Supply of Homes For Sale increased 5.3% to 2.0
All comparisons are to 2024
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.
Inventory
Weekly Market Report

A family with a national median income of $97,800 needed 38% of their income to make the monthly mortgage payment on a median-priced new home ($419,200) in the fourth quarter of 2024, according to the latest NAHB / Wells Fargo Cost of Housing Index (CHI). For existing homes, a family needed to spend 37% of their income to afford the monthly payment on a median-priced home ($410,100).
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING MARCH 29:
- New Listings increased 23.6% to 1,300
- Pending Sales increased 13.5% to 1,067
- Inventory increased 3.5% to 7,750
FOR THE MONTH OF FEBRUARY:
- Median Sales Price increased 6.1% to $380,000
- Days on Market increased 16.9% to 69
- Percent of Original List Price Received increased 0.2% to 97.7%
- Months Supply of Homes For Sale increased 5.3% to 2.0
All comparisons are to 2024
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.
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