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Weekly Market Report

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For Week Ending July 12, 2025

As housing inventory builds up, an increasing number of U.S. homebuilders have been making price reductions to help boost new-home sales. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), 37% of builders reported cutting prices in June, up from 34% in May. The average price reduction was 5%, while the use of sales incentives, including mortgage rate buydowns, rose slightly to 62%.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JULY 12:

  • New Listings increased 9.9% to 1,843
  • Pending Sales increased 3.9% to 949
  • Inventory increased 5.8% to 9,901

FOR THE MONTH OF JUNE:

  • Median Sales Price increased 2.8% to $401,000
  • Days on Market increased 11.4% to 39
  • Percent of Original List Price Received decreased 0.1% to 100.0%
  • Months Supply of Homes For Sale increased 4.0% to 2.6

All comparisons are to 2024

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

Mortgage Rates Continue to Move Up

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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.