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Mark Hinks

Real Estate Agent

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.

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.

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.

Weekly Market Report

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For Week Ending July 4, 2026

A new report from Realtor®.com found that new construction homes are more likely to sell below list price than existing homes. Condos and townhomes are also more likely to sell below list price than single-family homes. As of March 2026, the average single-family home sold for 99.2% of its final list price, while the average condo sold for 97.9% of its final list price.

In the Twin Cities region, for the week ending July 4:

  • New Listings increased 5.3% to 1,134
  • Pending Sales increased 1.9% to 952
  • Inventory increased 8.1% to 11,203

For the month of May:

  • Median Sales Price increased 1.1% to $399,450
  • 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.

Weekly Market Report

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For Week Ending June 27, 2026

Realtor®.com found that buying a home by age 30 is associated with a 22.5% higher net worth at age 50 compared with purchasing a first home in one’s 40s. Moreover, children raised in homeowner households are 18.4% more likely to become homeowners by age 35. The U.S. homeownership rate stood at 65.7% in the fourth quarter of 2025, the highest level of the year, though still below the pandemic-era high of 67.9% in the second quarter of 2020.

In the Twin Cities region, for the week ending June 27:

  • New Listings increased 5.5% to 1,526
  • Pending Sales increased 9.7% to 1,167
  • Inventory increased 6.9% to 11,284

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.

Weekly Market Report

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For Week Ending June 20, 2026

The typical U.S. household spends $39,468 per year on bills, or $3,289 per month, accounting for approximately 47% of annual income, according to doxo’s 2026 U.S. Household Bill Pay Report. Of this total, $24,997 is spent on the 13 most essential household expenses, including housing, utilities, and auto loans. Housing remains the single largest expense category, with mortgage payments totaling $1.08 trillion annually.

In the Twin Cities region, for the week ending June 20:

  • New Listings increased 7.0% to 1,656
  • Pending Sales increased 8.7% to 1,142
  • Inventory increased 6.7% to 11,120

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.

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.

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.

Weekly Market Report

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For Week Ending May 30, 2026

U.S. housing starts fell 2.8% from the previous month to a seasonally adjusted annual rate of 1,465,000 units in April, the U.S. Census Bureau reported. Despite the monthly decline, starts were up 4.6% from one year earlier. Building permits rose 5.8% month-over-month to a seasonally adjusted annual rate of 1,442,000, while housing completions grew 4.8% to 1,449,000.

In the Twin Cities region, for the week ending May 30:

  • New Listings increased 7.4% to 1,617
  • Pending Sales increased 10.3% to 1,036
  • Inventory increased 6.8% to 10,560

For the month of April:

  • Median Sales Price decreased 2.1% to $391,500
  • Days on Market increased 14.0% to 57
  • Percent of Original List Price Received decreased 0.4% to 99.3%
  • Months Supply of Homes For Sale increased 12.5% to 2.7

All comparisons are to 2025

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

Weekly Market Report

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For Week Ending May 23, 2026

U.S. sales of new residential homes rose 7.4% month-over-month and 3.3% year-over-year to a seasonally adjusted annual rate of 682,000 in March, according to the U.S. Census Bureau. There were approximately 481,000 new homes for sale at the end of March, representing an 8.5-month supply at the current sales pace. The median new-home sales price was $387,400, down 6.2% from a year earlier.

In the Twin Cities region, for the week ending May 23:

  • New Listings increased 9.1% to 1,586
  • Pending Sales increased 7.2% to 1,257
  • Inventory increased 5.9% to 10,480

For the month of April:

  • Median Sales Price decreased 2.0% to $392,000
  • Days on Market increased 14.0% to 57
  • Percent of Original List Price Received decreased 0.4% to 99.3%
  • Months Supply of Homes For Sale increased 8.3% to 2.7

All comparisons are to 2025

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