News

New Listings and Pending Sales

The typical U.S. household spends $39,468 per year on bills, or $3,289 per month, accounting for approximately 47% of annual income, according to doxo’s 2026 U.S. Household Bill Pay Report. Of this total, $24,997 is spent on the 13 most essential household expenses, including housing, utilities, and auto loans. Housing remains the single largest expense category, with mortgage payments totaling $1.08 trillion annually.

In the Twin Cities region, for the week ending June 20:

New Listings increased 7.0% to 1,656
Pending Sales increased 8.7% to 1,142
Inventory increased 6.7% to 11,120

For the month of May:

Median Sales Price increased 1.2% to $399,900
Days on Market increased 2.3% to 45
Percent of Original List Price Received decreased 0.3% to 99.7%
Months Supply of Homes For Sale increased 3.7% to 2.8

All comparisons are to 2025

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

Mortgage Rates Average 6.49%

June 25, 2026

The average 30-year fixed mortgage rate was little changed this week at 6.49%. Rates have remained relatively stable over the last six weeks. Meanwhile, purchase activity eased modestly and refinance activity has continued to pick up recently, reflecting borrowers’ responsiveness to current rate levels.

The 30-year fixed-rate mortgage averaged 6.49% as of June 25, 2026, up from last week when it averaged 6.47%. A year ago at this time, the 30-year FRM averaged 6.77%.
The 15-year fixed-rate mortgage averaged 5.84%, up from last week when it averaged 5.81%. A year ago at this time, the 15-year FRM averaged 5.89%.

Information provided by Freddie Mac.

May Monthly Skinny Video

New Listings and Pending Sales

Inventory

Weekly Market Report

For Week Ending June 13, 2026

The U.S. housing supply gap grew to an estimated 4.03 million homes in 2025, up from 3.8 million in 2024, according to Realtor®.com’s 2026 Housing Supply Gap Report. Last year, approximately 1.4 million households were formed, exceeding 1.36 million new housing starts. 2025 marked the third-largest annual deficit since 2012, behind only 2020 and 2023.

In the Twin Cities region, for the week ending June 13:

New Listings increased 10.9% to 1,817
Pending Sales increased 1.2% to 1,198
Inventory increased 5.4% to 10,923

For the month of May:

Median Sales Price increased 1.2% to $399,900
Days on Market increased 2.3% to 45
Percent of Original List Price Received decreased 0.3% to 99.7%
Months Supply of Homes For Sale increased 3.7% to 2.8

All comparisons are to 2025

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

Existing Home Sales

Mortgage Rates Decline

June 18, 2026

The 30-year fixed-rate mortgage decreased this week averaging 6.47%. Incoming data continues to reflect a resilient consumer, with retail sales improving and pending home sales strengthening, suggesting purchase demand is continuing to modestly improve.

The 30-year fixed-rate mortgage averaged 6.47% as of June 18, 2026, down from last week when it averaged 6.52%. A year ago at this time, the 30-year FRM averaged 6.81%.
The 15-year fixed-rate mortgage averaged 5.81%, down from last week when it averaged 5.84%. A year ago at this time, the 15-year FRM averaged 5.96%.

Information provided by Freddie Mac.