For Week Ending August 15, 2026

Publish Date: August 24, 2026 • All comparisons are to 2025

The housing market continues at a slow pace this summer. Mortgage rates offer little relief to buyers, with the 30-year fixed -rate mortgage averaging 6.67% as of August 13, according to Freddie Mac. This is up from 6.58% a year ago, but slightly down from the prior week when it was 6.69%. Buyers are also fighting higher prices at the pump and the store, which limits home purchasing power.

In the Twin Cities region, for the week ending August 15:

• New Listings increased 4.5% to 1,563

• Pending Sales increased 1.2% to 1,046

• Inventory increased 9.0% to 11,805

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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