Dennis Holmquist

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Mortgage Rates Continue to Decrease

August 8, 2025 by Dennis Holmquist

August 7, 2025
The 30-year fixed-rate mortgage dropped to its lowest level since April. The decline in rates increases prospective homebuyers’ purchasing power and Freddie Mac research shows that buyers can save thousands by getting quotes from a few different lenders.

Information provided by Freddie Mac.

Filed Under: Interest Rates

New Listings and Pending Sales

August 8, 2025 by Dennis Holmquist

Filed Under: Listings and Pendings

Inventory

August 8, 2025 by Dennis Holmquist

Filed Under: Inventory

Weekly Market Report

August 8, 2025 by Dennis Holmquist

For Week Ending July 26, 2025

Nationally, active listings reached 1.08 million in June, a 28.9% increase from a year earlier, according to Realtor®.com’s June 2025 Monthly Housing Market Trends Report. The typical home spent 53 days on the market, five days longer than last June, while 20.7% of listings had price reductions, the highest June share since at least 2016.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JULY 26:

  • New Listings decreased 4.7% to 1,433
  • Pending Sales increased 5.5% to 1,016
  • Inventory increased 4.0% to 10,262

FOR THE MONTH OF JUNE:

  • Median Sales Price increased 2.8% to $401,000
  • Days on Market increased 11.4% to 39
  • Percent of Original List Price Received decreased 0.1% to 100.0%
  • Months Supply of Homes For Sale increased 4.0% to 2.6

All comparisons are to 2024

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

Filed Under: Inventory

The 30-Year Fixed-Rate Mortgage Shows Little Movement

July 24, 2025 by Dennis Holmquist

July 24, 2025
This week, the 30-year fixed-rate mortgage essentially remained flat at 6.74%. Overall, the backdrop for the housing market is positive as the economy continues to perform well with solid employment and income growth.

Information provided by Freddie Mac.

Filed Under: Interest Rates

Existing Home Sales

July 24, 2025 by Dennis Holmquist

Filed Under: Existing Home Sales

June Monthly Skinny Video

July 24, 2025 by Dennis Holmquist

Filed Under: Interest Rates

New Listings and Pending Sales

July 22, 2025 by Dennis Holmquist

Filed Under: Listings and Pendings

Inventory

July 22, 2025 by Dennis Holmquist

Filed Under: Inventory

Weekly Market Report

July 22, 2025 by Dennis Holmquist

For Week Ending July 12, 2025

As housing inventory builds up, an increasing number of U.S. homebuilders have been making price reductions to help boost new-home sales. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), 37% of builders reported cutting prices in June, up from 34% in May. The average price reduction was 5%, while the use of sales incentives, including mortgage rate buydowns, rose slightly to 62%.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING JULY 12:

  • New Listings increased 9.9% to 1,843
  • Pending Sales increased 3.9% to 949
  • Inventory increased 5.8% to 9,901

FOR THE MONTH OF JUNE:

  • Median Sales Price increased 2.8% to $401,000
  • Days on Market increased 11.4% to 39
  • Percent of Original List Price Received decreased 0.1% to 100.0%
  • Months Supply of Homes For Sale increased 4.0% to 2.6

All comparisons are to 2024

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

Filed Under: Inventory

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