Heartland Real Estate Professionals

Jean Youness 651-336-5042

Archives for September 2025

Mortgage Rates Tumble

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September 4, 2025
Mortgage rates continue to trend down, increasing optimism for new buyers and current owners alike. As rates continue to drop, the number of homeowners who have the opportunity to refinance is expanding. In fact, the share of market mortgage applications that were for a refinance reached nearly 47%, the highest since October.

Information provided by Freddie Mac.

Weekly Market Report

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For Week Ending August 23, 2025

According to Realtor®.com’s July 2025 Monthly Housing Market Trends Report, national housing inventory increased 24.8% year-over-year, with more than 1.1 million homes for sale in July. This marks the third consecutive month with over 1 million active listings. While this is encouraging news for buyers, total active listings remain 13.4% below typical 2017-2019 levels.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING AUGUST 23:

  • New Listings increased 3.2% to 1,356
  • Pending Sales increased 2.9% to 896
  • Inventory increased increased 2.1% to 10,445

FOR THE MONTH OF JULY:

  • Median Sales Price increased 2.6% to $395,000
  • Days on Market increased 11.1% to 40
  • Percent of Original List Price Received decreased 0.2% to 99.3%
  • Months Supply of Homes For Sale remained flat at 2.7

All comparisons are to 2024

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

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