Barb Duthler

612-558-1084

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Archives for June 2025

Mortgage Rates Move Down

June 5, 2025 by Barb Duthler

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.

Filed Under: Interest Rates

New Listings and Pending Sales

June 2, 2025 by Barb Duthler

Filed Under: Listings and Pendings

Inventory

June 2, 2025 by Barb Duthler

Filed Under: Inventory

Weekly Market Report

June 2, 2025 by Barb Duthler

For Week Ending May 24, 2025

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:

  • New Listings increased 5.2% to 1,412
  • Pending Sales increased 0.8% to 1,153
  • Inventory increased 6.6% to 9,442

FOR THE MONTH OF APRIL:

  • Median Sales Price increased 3.7% to $399,900
  • Days on Market increased 6.5% to 49
  • Percent of Original List Price Received decreased 0.2% to 99.7%
  • Months Supply of Homes For Sale increased 4.5% to 2.3

All comparisons are to 2024

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

Filed Under: Inventory

Barb Duthler

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