For Week Ending August 15, 2026
The housing market continues at a slow pace this summer. Mortgage rates offer little relief to buyers, with the 30-year fixed -rate mortgage averaging 6.67% as of August 13, according to Freddie Mac. This is up from 6.58% a year ago, but slightly down from the prior week when it was 6.69%. Buyers are also fighting higher prices at the pump and the store, which limits home purchasing power.
In the Twin Cities region, for the week ending August 15:
- New Listings increased 4.5% to 1,563
- Pending Sales increased 1.2% to 1,046
- Inventory increased 9.0% to 11,805
For the month of July:
- Median Sales Price increased 3.4% to $408,238
- Days on Market remained flat at 40
- Percent of Original List Price Received decreased 0.2% to 99.1%
- Months Supply of Homes For Sale increased 7.1% to 3.0
All comparisons are to 2025
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.