Weekly Report

For Week Ending February 28, 2026

The average 30-year fixed mortgage rate fell to 5.98% for the week ending February 26, 2026, marking the first time in 3½ years that rates have dropped below 6%, according to Freddie Mac. While falling rates are welcome news for prospective buyers, they’ve also benefited current homeowners, leading to a recent surge in refinance activity.

In the Twin Cities region, for the week ending February 28:

New Listings decreased 11.6% to 1,161
Pending Sales increased 0.1% to 870
Inventory increased 3.6% to 7,920

For the month of January:

Median Sales Price increased 1.4% to $375,000
Days on Market decreased 3.0% to 64
Percent of Original List Price Received decreased 0.1% 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.

For Week Ending February 21, 2026

Nationally, the number of active listings grew for the 27th consecutive month, rising 10% year-over-year in January, according to Realtor.com’s January 2026 Monthly Housing Market Trends Report. Despite the increase, total inventory remained 17.2% below pre-pandemic levels for the month. The typical home spent 78 days on the market, five days longer than the same period a year ago.

In the Twin Cities region, for the week ending February 21:

New Listings decreased 2.4% to 1,117
Pending Sales decreased 6.0% to 736
Inventory increased 3.4% to 7,866

For the month of January:

Median Sales Price increased 1.4% to $375,000
Days on Market decreased 3.0% to 64
Percent of Original List Price Received decreased 0.1% 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.

332 2nd Street - Excelsior, MN 55331

Office #: (952) 474-0894

332 2nd Street - Excelsior, MN 55331

Office #: (952) 474-0894

Direct #: (612) 701-7404

Navigation

Contact Us