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 June 13, 2026

The U.S. housing supply gap grew to an estimated 4.03 million homes in 2025, up from 3.8 million in 2024, according to Realtor®.com’s 2026 Housing Supply Gap Report. Last year, approximately 1.4 million households were formed, exceeding 1.36 million new housing starts. 2025 marked the third-largest annual deficit since 2012, behind only 2020 and 2023.

In the Twin Cities region, for the week ending June 13:

  • New Listings increased 10.9% to 1,817
  • Pending Sales increased 1.2% to 1,198
  • Inventory increased 5.4% to 10,923

For the month of May:

  • Median Sales Price increased 1.2% to $399,900
  • Days on Market increased 2.3% to 45
  • Percent of Original List Price Received decreased 0.3% to 99.7%
  • Months Supply of Homes For Sale increased 3.7% to 2.8

All comparisons are to 2025

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

Existing Home Sales

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Mortgage Rates Decline

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June 18, 2026

The 30-year fixed-rate mortgage decreased this week averaging 6.47%. Incoming data continues to reflect a resilient consumer, with retail sales improving and pending home sales strengthening, suggesting purchase demand is continuing to modestly improve.

  • The 30-year fixed-rate mortgage averaged 6.47% as of June 18, 2026, down from last week when it averaged 6.52%. A year ago at this time, the 30-year FRM averaged 6.81%.
  • The 15-year fixed-rate mortgage averaged 5.81%, down from last week when it averaged 5.84%. A year ago at this time, the 15-year FRM averaged 5.96%.

Information provided by Freddie Mac.

New Listings and Pending Sales

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Inventory

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Weekly Market Report

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For Week Ending June 6, 2026

The U.S. median asking rent across the 50 largest metros dropped 1.7% from a year earlier to $1,673 in April, according to Realtor®.com, marking the 33rd consecutive month of year-over-year declines. Since peaking in August 2022, the median asking rent has declined 5.2% ($92), though it remains $254 higher than its pre-pandemic level in April 2019.

In the Twin Cities region, for the week ending June 6:

  • New Listings increased 4.6% to 1,819
  • Pending Sales increased 9.8% to 1,216
  • Inventory increased 5.5% to 10,718

For the month of May:

  • Median Sales Price increased 1.2% to $399,900
  • Days on Market increased 2.3% to 45
  • Percent of Original List Price Received decreased 0.3% to 99.7%
  • Months Supply of Homes For Sale increased 3.7% to 2.8

All comparisons are to 2025

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

Mortgage Rates Average 6.52%

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June 11, 2026

The 30-year fixed-rate mortgage averaged 6.52% this week. Stronger employment momentum has helped existing home sales reach a five-month high. Importantly, homebuyers are looking past the short-term rate fluctuations and actively entering the market, signaling renewed confidence in homeownership opportunities.

  • The 30-year fixed-rate mortgage averaged 6.52% as of June 11, 2026, up from last week when it averaged 6.48%. A year ago at this time, the 30-year FRM averaged 6.84%.
  • The 15-year fixed-rate mortgage averaged 5.84%, up from last week when it averaged 5.79%. A year ago at this time, the 15-year FRM averaged 5.97%.

Information provided by Freddie Mac.

New Listings and Pending Sales

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Licensed In Minnesota

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


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