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 July 18, 2026

Baby boomer homeowner households are projected to decline from approximately 32 million in 2022 to about 23 million by 2035, a net reduction of 9.2 million households, according to Freddie Mac. While baby boomers represent roughly 20% of the U.S. population, they accounted for 42% of homebuyers in 2025, according to the National Association of Realtors®, making the aging of the baby boomer generation a significant factor shaping the housing market.

In the Twin Cities region, for the week ending July 18:

  • New Listings increased 8.6% to 1,616
  • Pending Sales decreased 5.4% to 992
  • Inventory increased 6.8% to 11,418

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.

Mortgage Rates Average 6.58%

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July 23, 2026

The 30-year fixed-rate mortgage averaged 6.58% this week. As market conditions continue to evolve, borrowers should remember that shopping around for a mortgage rate can make a meaningful difference, potentially saving them thousands over the loan’s lifetime.

  • The 30-year fixed-rate mortgage averaged 6.58% as of July 23, 2026, up from last week when it averaged 6.55%. A year ago at this time, the 30-year FRM averaged 6.74%.
  • The 15-year fixed-rate mortgage averaged 5.96%, up from last week when it averaged 5.93%. A year ago at this time, the 15-year FRM averaged 5.87%.

Information provided by Freddie Mac.

June Monthly Skinny Video

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New Listings and Pending Sales

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Inventory

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Weekly Market Report

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For Week Ending July 11, 2026

A family earning the nation’s median income of $106,800 needed to spend 32% of its income to afford the mortgage payment on a median-priced home in the first quarter of 2026, according to the National Association of Home Builders (NAHB)/Wells Fargo Cost of Housing Index (CHI). That represents a modest improvement from the fourth quarter of 2025, when a family needed to spend 34% of its income on housing.

In the Twin Cities region, for the week ending July 11:

  • New Listings decreased 3.8% to 1,818
  • Pending Sales increased 0.9% to 965
  • Inventory increased 7.1% to 11,119

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.

Mortgage Rates Average 6.55%

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July 16, 2026

The 30-year fixed-rate mortgage averaged 6.55% this week. Purchase application demand has weakened recently, but housing affordability is more favorable and housing inventory continues to rise, thus the backdrop for prospective homebuyers is modestly improving.

  • The 30-year fixed-rate mortgage averaged 6.55% as of July 16, 2026, up from last week when it averaged 6.49%. A year ago at this time, the 30-year FRM averaged 6.75%.
  • The 15-year fixed-rate mortgage averaged 5.93%, up from last week when it averaged 5.82%. A year ago at this time, the 15-year FRM averaged 5.92%.

Information provided by Freddie Mac.

Existing Home Sales

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


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