For Week Ending August 8, 2026

Publish Date: August 17, 2026 • All comparisons are to 2025

The dog days of summer brought us sluggish buyer volume and stubbornly high prices. The national median sales price reached $434,100 in July—a 2% year-over-year increase—as the ongoing "lock-in effect" kept homeowners with ultra-low pandemic-era mortgages from listing their properties. Existinghome sales dropped 1.7% month-over-month in July to a seasonally adjusted annual pace of 4.06 million units, according to the National Association of Realtors.

In the Twin Cities region, for the week ending August 8:

• New Listings increased 14.6% to 1,648

• Pending Sales decreased 0.6% to 1,012

• Inventory increased 8.2% to 11,645

For the month of July:

• Median Sales Price increased 3.4% to $408,238

• Days on Market remained flat at 40

• Percent of Original List Price Received decreased 0.2% to 99.1%

• Months Supply of Homes For Sale increased 7.1% to 3.0

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