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Mortgage Rates Continue to Move Up

July 17, 2025 by Jim Emond

July 17, 2025
The 30-year fixed-rate mortgage inched up this week and continues to stay within a narrow range under 7%. While overall affordability headwinds persist, rate stability coupled with moderately rising inventory may sway prospective buyers to act.

Information provided by Freddie Mac.

Filed Under: Interest Rates

New Listings and Pending Sales

July 14, 2025 by Jim Emond

Filed Under: Listings and Pendings

Inventory

July 14, 2025 by Jim Emond

Filed Under: Inventory

Weekly Market Report

July 14, 2025 by Jim Emond

For Week Ending July 5, 2025

U.S. pending home sales rose more than expected, climbing 1.8% month-over-month and 1.1% year-over-year, according to the National Association of Realtors®. All four regions reported monthly increases, with the West recording the largest gain. Year-over-year, pending sales advanced in the Midwest and South but decreased in the Northeast and West.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JULY 5:

  • New Listings increased 12.6% to 1,042
  • Pending Sales increased 5.6% to 888
  • Inventory increased 4.8% to 9,864

FOR THE MONTH OF MAY:

  • Median Sales Price increased 2.6% to $395,000
  • Days on Market increased 7.3% to 44
  • Percent of Original List Price Received remained flat at 100.0%
  • Months Supply of Homes For Sale increased 8.3% to 2.6

All comparisons are to 2024

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

Filed Under: Inventory

Mortgage Rates Tick Up

July 10, 2025 by Jim Emond

July 10, 2025
After declining for five consecutive weeks, the 30-year fixed-rate mortgage moved slightly higher following a stronger than expected jobs report. Despite ongoing affordability challenges in the housing market, home purchase and refinance applications are responding to the downward trajectory in rates, increasing by 25% and 56%, respectively, compared to the same time last year.

Information provided by Freddie Mac.

Filed Under: Interest Rates

New Listings and Pending Sales

July 7, 2025 by Jim Emond

Filed Under: Listings and Pendings

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