Inventory
Weekly Market Report

The average monthly mortgage payment on a median-priced home reached a record high of $2,570 in 2024, based on a 30-year fixed-rate loan and a 3.5% down payment, according to the State of the Nation’s Housing 2025 report from Harvard University’s Joint Center for Housing Studies. Using a 31% debt-to-income ratio, a homebuyer would need to earn at least $126,700 per year to afford that monthly payment.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING AUGUST 9:
- New Listings decreased 6.9% to 1,408
- Pending Sales increased 8.5% to 1,005
- Inventory increased 2.2% to 10,268
FOR THE MONTH OF JULY:
- Median Sales Price increased 2.6% to $395,000
- Days on Market increased 11.1% to 40
- Percent of Original List Price Received decreased 0.2% to 99.3%
- Months Supply of Homes For Sale remained flat at 2.7
All comparisons are to 2024
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.
Mortgage Rates Continue to Decline
August 14, 2025
Mortgage rates fell to their lowest level since October. Purchase application activity is improving as borrowers take advantage of the decline in mortgage rates.
Information provided by Freddie Mac.