Welcome to TeamEmond

Weekly Market Report

by

For Week Ending April 12, 2025

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.

Weekly Market Report

by

For Week Ending April 5, 2025

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.