Curious what the market is like right now? Check out this weekly report from Minneapolis Area Realtors!
Weekly Market Activity Report for Week Ending August 1
Over the past four weeks, the U.S. real estate market entered a typical summer slowdown exacerbated by borrowing pressures as average 30-year fixed mortgage rates spiked to a high of 6.66%. Despite these elevated rates tightening buyer budgets, underlying demand held firm, with pending home sales marking an eighth consecutive month of year-over-year growth at the national level.
In the Twin Cities region, for the week ending August 1:
- New Listings increased 9.3% to 1,691
- Pending Sales increased 2.1% to 1,029
- Inventory increased 6.9% to 11,550
For the month of June:
- Median Sales Price increased 2.1% to $410,000
- Days on Market increased 7.7% to 42
- Percent of Original List Price Received decreased 0.4% to 99.6%
- Months Supply of Homes For Sale increased 7.4% to 2.9
Source: https://www.mplsrealtor.com/news/2026/weekly-market-activity-report-for-week-ending-august-1-2/