Heartland Real Estate Professionals

Jean Youness 651-336-5042

  • Home
  • Search
  • Listings
  • Resources
    • Sellers
    • Buyers
  • Contact
  • News

Weekly Market Report

August 18, 2025 by Jean Youness

For Week Ending August 9, 2025

The average monthly mortgage payment on a median-priced home reached a record high of $2,570 in 2024, based on a 30-year fixed-rate loan and a 3.5% down payment, according to the State of the Nation’s Housing 2025 report from Harvard University’s Joint Center for Housing Studies. Using a 31% debt-to-income ratio, a homebuyer would need to earn at least $126,700 per year to afford that monthly payment.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING AUGUST 9:

  • New Listings decreased 6.9% to 1,408
  • Pending Sales increased 8.5% to 1,005
  • Inventory increased 2.2% to 10,268

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.

Filed Under: Weekly Report

  • Calculators
  • Finding A Loan Officer
  • The Loan Process
  • Mortgage Glossary
  • Markets Updates
  • Schools

Greet me and meet me on social media. You can follow my new listings and changes in the marketplace on any of the following. Follow me.

  • Facebook
  • Instagram
  • Twitter

Navigation

  • Calculators
  • Finding A Loan Officer
  • The Loan Process
  • Mortgage Glossary
  • Markets Updates
  • Schools

Keep in Touch!

Realtor & Housing

Licensed In Minnesota

All information deemed reliable but not guaranteed and should be independently verified.



Powered by WordPress | © MSLLC