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Mark Hinks

Real Estate Agent

Weekly Market Report

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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.

Mortgage Rates Drop Below 6% for the First Time in 3.5 Years

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February 26, 2026

For the first time in three and a half years, the 30-year fixed-rate mortgage dropped into the 5% range, falling even lower than last week’s milestone. This rate, combined with the improving availability of homes for sale, is meaningful and will drive more potential buyers into the market for spring homebuying season.

  • The 30-year fixed-rate mortgage averaged 5.98% as of February 26, 2026, down from last week when it averaged 6.01%. A year ago at this time, the 30-year FRM averaged 6.76%.
  • The 15-year fixed-rate mortgage averaged 5.44%, up from last week when it averaged 5.35%. A year ago at this time, the 15-year FRM averaged 5.94%.

Information provided by Freddie Mac.

Average 30-Year Fixed-Rate Mortgage Hits Another Low

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February 19, 2026Mortgage rates dropped again this week, now down to their lowest level since September of 2022. This lower rate environment is not only improving affordability for prospective homebuyers, it’s also strengthening the financial position of homeowners. Over the past year, refinance application activity has more than doubled, enabling many recent buyers to reduce their annual mortgage payments by thousands of dollars.

  • The 30-year fixed-rate mortgage averaged 6.01% as of February 19, 2026, down from last week when it averaged 6.09%. A year ago at this time, the 30-year FRM averaged 6.85%.
  • The 15-year fixed-rate mortgage averaged 5.35%, down from last week when it averaged 5.44%. A year ago at this time, the 15-year FRM averaged 6.04%.

Information provided by Freddie Mac.

Mortgage Rates Inch Down

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February 12, 2026Bolstered by strong economic growth, a solid labor market and mortgage rates at three-year lows, housing affordability continues to measurably improve. These factors have caught the attention of many prospective homebuyers, driving purchase application activity higher than a year ago.

  • The 30-year fixed-rate mortgage averaged 6.09% as of February 12, 2026, down from last week when it averaged 6.11%. A year ago at this time, the 30-year FRM averaged 6.87%.
  • The 15-year fixed-rate mortgage averaged 5.44%, down from last week when it averaged 5.50%. A year ago at this time, the 15-year FRM averaged 6.09%.

Information provided by Freddie Mac.

Mortgage Rates Continue to Show Stability, Hovering Near 6%

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February 5, 2026
For the last several weeks, the 30-year fixed-rate mortgage has remained at its lowest level in years. The combination of improving affordability and availability of homes to purchase is a positive sign for buyers and sellers heading into the spring home sales season.

  • The 30-year fixed-rate mortgage averaged 6.11% as of February 5, 2026, up slightly from last week when it averaged 6.10%. A year ago at this time, the 30-year FRM averaged 6.89%.
  • The 15-year fixed-rate mortgage averaged 5.50%, up slightly from last week when it averaged 5.49%. A year ago at this time, the 15-year FRM averaged 6.05%.

Information provided by Freddie Mac.

Weekly Market Report

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For Week Ending January 24, 2026

U.S. new-home sales rose 18.7% year-over-year in October, reaching a seasonally adjusted annual rate of 737,000 units, according to long-awaited data from the U.S.Census Bureau. On a monthly basis, sales were essentially flat, dipping just 0.1% from September’s 738,000 units. The median new-home sales price fell 3.3% month-over-month to $392,300, down 8% from October 2024.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JANUARY 24:

  • New Listings decreased 11.2% to 806
  • Pending Sales decreased 5.6% to 571
  • Inventory decreased 0.3% to 7,510

FOR THE MONTH OF DECEMBER:

  • Median Sales Price increased 2.7% to $380,000
  • Days on Market increased 3.6% to 58
  • Percent of Original List Price Received decreased 0.2% 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.

Mortgage Rates Remain Lower and Steady

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January 29, 2026
Mortgage rates remain near their lowest levels in three years, which is encouraging for potential homebuyers who have waited to enter the market for some time. Lower rates, combined with strong income growth, have led to a steady increase in purchase applications compared to last year. More homeowners refinancing their mortgages are also benefiting from these lower rates, as shown by the rise in refinance applications over the past year.

  • The 30-year fixed-rate mortgage averaged 6.10% as of January 29, 2026, up slightly from last week when it averaged 6.09%. A year ago at this time, the 30-year FRM averaged 6.95%.
  • The 15-year fixed-rate mortgage averaged 5.49%, up from last week when it averaged 5.44%. A year ago at this time, the 15-year FRM averaged 6.12%.

Information provided by Freddie Mac.