Inventory
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Weekly Market Report
For Week Ending January 24, 2026
U.S. new-home sales rose 18.7% year-over-year in October, reaching a seasonally adjusted annual rate of 737,000 units, according to long-awaited data from the U.S.Census Bureau. On a monthly basis, sales were essentially flat, dipping just 0.1% from September’s 738,000 units. The median new-home sales price fell 3.3% month-over-month to $392,300, down 8% from October 2024.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JANUARY 24:
- New Listings decreased 11.2% to 806
- Pending Sales decreased 5.6% to 571
- Inventory decreased 0.3% to 7,510
FOR THE MONTH OF DECEMBER:
- Median Sales Price increased 2.7% to $380,000
- Days on Market increased 3.6% to 58
- Percent of Original List Price Received decreased 0.2% to 96.8%
- Months Supply of Homes For Sale remained flat at 2.0
All comparisons are to 2025
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.
Mortgage Rates Remain Lower and Steady
January 29, 2026
Mortgage rates remain near their lowest levels in three years, which is encouraging for potential homebuyers who have waited to enter the market for some time. Lower rates, combined with strong income growth, have led to a steady increase in purchase applications compared to last year. More homeowners refinancing their mortgages are also benefiting from these lower rates, as shown by the rise in refinance applications over the past year.
- The 30-year fixed-rate mortgage averaged 6.10% as of January 29, 2026, up slightly from last week when it averaged 6.09%. A year ago at this time, the 30-year FRM averaged 6.95%.
- The 15-year fixed-rate mortgage averaged 5.49%, up from last week when it averaged 5.44%. A year ago at this time, the 15-year FRM averaged 6.12%.
Information provided by Freddie Mac.
Mortgage Rates Remain Lower and Steady
January 29, 2026
Mortgage rates remain near their lowest levels in three years, which is encouraging for potential homebuyers who have waited to enter the market for some time. Lower rates, combined with strong income growth, have led to a steady increase in purchase applications compared to last year. More homeowners refinancing their mortgages are also benefiting from these lower rates, as shown by the rise in refinance applications over the past year.
- The 30-year fixed-rate mortgage averaged 6.10% as of January 29, 2026, up slightly from last week when it averaged 6.09%. A year ago at this time, the 30-year FRM averaged 6.95%.
- The 15-year fixed-rate mortgage averaged 5.49%, up from last week when it averaged 5.44%. A year ago at this time, the 15-year FRM averaged 6.12%.
Information provided by Freddie Mac.
Mortgage Rates Remain Lower and Steady
January 29, 2026
Mortgage rates remain near their lowest levels in three years, which is encouraging for potential homebuyers who have waited to enter the market for some time. Lower rates, combined with strong income growth, have led to a steady increase in purchase applications compared to last year. More homeowners refinancing their mortgages are also benefiting from these lower rates, as shown by the rise in refinance applications over the past year.
- The 30-year fixed-rate mortgage averaged 6.10% as of January 29, 2026, up slightly from last week when it averaged 6.09%. A year ago at this time, the 30-year FRM averaged 6.95%.
- The 15-year fixed-rate mortgage averaged 5.49%, up from last week when it averaged 5.44%. A year ago at this time, the 15-year FRM averaged 6.12%.
Information provided by Freddie Mac.
Mortgage Rates Remain Lower and Steady
January 29, 2026
Mortgage rates remain near their lowest levels in three years, which is encouraging for potential homebuyers who have waited to enter the market for some time. Lower rates, combined with strong income growth, have led to a steady increase in purchase applications compared to last year. More homeowners refinancing their mortgages are also benefiting from these lower rates, as shown by the rise in refinance applications over the past year.
- The 30-year fixed-rate mortgage averaged 6.10% as of January 29, 2026, up slightly from last week when it averaged 6.09%. A year ago at this time, the 30-year FRM averaged 6.95%.
- The 15-year fixed-rate mortgage averaged 5.49%, up from last week when it averaged 5.44%. A year ago at this time, the 15-year FRM averaged 6.12%.
Information provided by Freddie Mac.
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Weekly Market Report
For Week Ending January 10, 2026
The U.S. homeownership rate climbed to 65.3% in the third quarter of 2025, up from 65% in the second quarter, according to the U.S. Census Bureau. The homeownership rate remains below the 25-year average rate of 66.3% and is 3.9 percentage points lower than the peak of 69.2% in 2004. Nearly 90% of housing units were occupied in the third quarter, and just over 10% were vacant.
IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JANUARY 10:
- New Listings decreased 5.1% to 979
- Pending Sales decreased 13.6% to 458
- Inventory decreased 1.6% to 7,401
FOR THE MONTH OF DECEMBER:
- Median Sales Price increased 2.7% to $380,000
- Days on Market increased 3.6% to 58
- Percent of Original List Price Received decreased 0.2% to 96.8%
- Months Supply of Homes For Sale decreased 5.0% to 1.9
All comparisons are to 2025
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.
Positive Housing Outlook is the Rule of the Day
Local housing market recovery continues to roll forward in the Twin Cities 13-county metropolitan area. In September, more homes sold in less time at higher prices and for closer to asking price than last year. During the month, 4,032 homes went under contract, 11.0 percent higher than September 2011. The median sales price was up 12.3 percent to $174,000; the 10K Housing Value Index showed a more modest 6.8 percent increase to $172,208. The only missing component was seller confidence. Sellers brought 5,341 properties to the market, 4.1 percent fewer than last year. The number of homes for sale on the market fell 29.4 percent to 15,996—near a 9-year low – making seller conviction and optimism increasingly critical. 
“One of the most encouraging changes in the market has been more traditional homes and fewer foreclosures,” said Cari Linn, President of the Minneapolis Area Association of REALTORS®. “There’s finally some room to breathe for traditional sellers.”
At 30.6 percent for September 2012, the percentage of all new listings that were lender-mediated (either foreclosure or short sale) was at its lowest level since June 2008. The percentage of all lender-mediated closed sales was 35.3 percent.
These distressed sales tended to sell at a 26.6 percent discount compared to the overall market. Overall median sales price was up 12.3 percent, but prices varied by sale type. Traditional median home prices were up 6.2 percent to $207,000; foreclosure prices were up 13.7 percent to $125,000; and short sale prices were up 0.8 percent to $131,000, their first gain since June 2008.
The number of homes for sale has dropped for 20 consecutive months and is below 16,000 for the first time since December 2003. Months’ supply of inventory fell 40.9 percent to 4.0 months. This indicates that the market is on the brink of favoring sellers. Figures below 4.0 months supply are moving toward a sellers’ market.
The landscape for sellers continues to brighten. On average, homes sold in 101 days, 28.7 percent faster than last year at this time. Sellers received, on average, 94.8 percent of their list price, 4.1 percent more than last year. Cash buyers made up 19.3 percent of all closed sales.
“Interest rates in the Twin Cities are around 3.4 percent and buyers have a justified sense of urgency,” said Andy Fazendin, MAAR President-Elect. “Housing has gone from a laggard the past few years to leading the charge in 2012.”
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