Curious what the market is like right now? Check out this weekly report from Minneapolis Area Realtors!
Weekly Market Activity Report for Week Ending May 2
A family earning the U.S. median income of $104,200 needed to spend 34% of its income on the mortgage for a median-priced new home ($405,300) in the fourth quarter of 2025, down from 35% in the third quarter, according to the National Association of Home Builders/Wells Fargo Cost of Housing Index.
In the Twin Cities region, for the week ending May 2:
- New Listings increased 10.4% to 1,855
- Pending Sales increased 3.5% to 1,197
- Inventory increased 8.1% to 9,815
For the month of March:
- Median Sales Price remained flat at $380,000
- Days on Market increased 6.8% to 63
- Percent of Original List Price Received decreased 0.5% to 98.5%
- Months Supply of Homes For Sale increased 9.1% to 2.4
Source: https://www.mplsrealtor.com/news/2026/weekly-market-activity-report-for-week-ending-may-2/