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Weekly Market Report

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For Week Ending October 18, 2025

According to the Federal Housing Finance Agency’s National Mortgage Database (NMDB®), 80.3% of outstanding mortgages in the United States had interest rates of 6% or lower in the second quarter of 2025. Within this group, 9.9% had rates between 5% and 6%, 17.9% between 4% and 5%, 32.1% between 3% and 4%, and 20.4% below 3%.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING OCTOBER 18:

  • New Listings increased 4.8% to 1,300
  • Pending Sales decreased 3.9% to 830
  • Inventory decreased 0.5% to 10,664

FOR THE MONTH OF SEPTEMBER:

  • Median Sales Price increased 2.6% to $390,000
  • Days on Market increased 12.8% to 44
  • Percent of Original List Price Received decreased 0.1% to 98.4%
  • Months Supply of Homes For Sale decreased 3.4% to 2.8

All comparisons are to 2024

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

Mortgage Rates Decrease to Lowest Level in Over a Year

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October 23, 2025
Mortgage rates continued to trend down this week, hitting their lowest level in over a year. At the start of 2025, the 30-year fixed-rate mortgage surpassed 7%, while today it hovers nearly a full percentage point lower. This dynamic has kept refinancings high, accounting for more than half of all mortgage activity for the sixth consecutive week.

Information provided by Freddie Mac.