332 2nd Street - Excelsior, MN 55331

Office #: (952) 474-0894

332 2nd Street - Excelsior, MN 55331

Office #: (952) 474-0894

Direct #: (612) 701-7404

Weekly Market Report

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For Week Ending August 22, 2026

The national median existing-home sales price climbed to $431,400 in July, as inventory held at a 4.6-month supply at the current sales pace, according to the National Association of Realtors®. Homes are sitting on the market longer and fewer buyers are bidding above asking price compared to a year earlier, though conditions vary widely by local market.

In the Twin Cities region, for the week ending August 22:

  • New Listings increased 7.1% to 1,482
  • Pending Sales increased 4.9% to 960
  • Inventory increased 9.0% to 11,904

For the month of July:

  • Median Sales Price increased 3.3% to $408,000
  • Days on Market remained flat at 40
  • Percent of Original List Price Received decreased 0.2% to 99.1%
  • Months Supply of Homes For Sale increased 7.1% to 3.0

All comparisons are to 2025

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

Inventory

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Weekly Market Report

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For Week Ending August 15, 2026

The housing market continues at a slow pace this summer. Mortgage rates offer little relief to buyers, with the 30-year fixed -rate mortgage averaging 6.67% as of August 13, according to Freddie Mac. This is up from 6.58% a year ago, but slightly down from the prior week when it was 6.69%. Buyers are also fighting higher prices at the pump and the store, which limits home purchasing power.

In the Twin Cities region, for the week ending August 15:

  • New Listings increased 4.5% to 1,563
  • Pending Sales increased 1.2% to 1,046
  • Inventory increased 9.0% to 11,805

For the month of July:

  • Median Sales Price increased 3.4% to $408,238
  • Days on Market remained flat at 40
  • Percent of Original List Price Received decreased 0.2% to 99.1%
  • Months Supply of Homes For Sale increased 7.1% to 3.0

All comparisons are to 2025

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

Inventory

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Weekly Market Report

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For Week Ending August 8, 2026

The dog days of summer brought us sluggish buyer volume and stubbornly high prices. The national median sales price reached $434,100 in July—a 2% year-over-year increase—as the ongoing “lock-in effect” kept homeowners with ultra-low pandemic-era mortgages from listing their properties. Existing-home sales dropped 1.7% month-over-month in July to a seasonally adjusted annual pace of 4.06 million units, according to the National Association of Realtors®.

In the Twin Cities region, for the week ending August 8:

  • New Listings increased 14.6% to 1,648
  • Pending Sales decreased 0.6% to 1,012
  • Inventory increased 8.2% to 11,645

For the month of July:

  • Median Sales Price increased 3.4% to $408,238
  • Days on Market remained flat at 40
  • Percent of Original List Price Received decreased 0.2% to 99.1%
  • Months Supply of Homes For Sale increased 7.1% to 3.0

All comparisons are to 2025

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

Inventory

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Weekly Market Report

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For Week Ending August 1, 2026

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

All comparisons are to 2025

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

Inventory

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Weekly Market Report

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For Week Ending July 25, 2026

As the median age of first-time homebuyers increases, many younger buyers are turning to their parents for financial assistance when purchasing a home. A Veterans United survey found that nearly 6 in 10 parents (59%) have provided or plan to provide financial support to help their children buy a home. Parents assist in a variety of ways, including cash gifts, down payment contributions, and help with closing costs.

In the Twin Cities region, for the week ending July 25:

  • New Listings increased 7.2% to 1,572
  • Pending Sales increased 7.2% to 1,101
  • Inventory increased 7.6% to 11,576

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

All comparisons are to 2025

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

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


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