June 5, 2025
The average mortgage rate decreased this week, which is welcome news to potential homebuyers who also are seeing inventory improve and house price growth slow.
Information provided by Freddie Mac.
June 5, 2025
The average mortgage rate decreased this week, which is welcome news to potential homebuyers who also are seeing inventory improve and house price growth slow.
Information provided by Freddie Mac.
According to Realtor®.com, 18% of listings had a price reduction in April, up from 15.5% one year earlier, and the highest share for April going back to 2016. Among major metropolitan areas, Phoenix, AZ, had the highest share of listings with price cuts, at 31.3%, followed by Tampa, FL and Jacksonville, FL, at 29.3% and 27.6%, respectively.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING MAY 24:
FOR THE MONTH OF APRIL:
All comparisons are to 2024
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.
There were 30.6% more homes actively for sale in April compared to the same time last year, according to Realtor®.com’s latest Monthly Housing Market Trends Report, marking the 18th consecutive month of annual growth and a new post-pandemic high. Although buyers may have additional options in their home search, supply remains 16.3% lower than typical 2017-2019 levels.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING MAY 17:
FOR THE MONTH OF APRIL:
All comparisons are to 2024
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.
All information deemed reliable but not guaranteed and should be independently verified.