According to Realtor®.com’s July 2025 Monthly Housing Market Trends Report, national housing inventory increased 24.8% year-over-year, with more than 1.1 million homes for sale in July. This marks the third consecutive month with over 1 million active listings. While this is encouraging news for buyers, total active listings remain 13.4% below typical 2017-2019 levels.
In the Twin Cities region, for the week ending August 23:
- New Listings increased 3.2% to 1,356
- Pending Sales increased 2.9% to 896
- Inventory increased 2.1% to 10,445
For the Month of July:
- Median Sales Price increased 2.6% to $395,000
- Days on Market increased 11.1% to 40
- Percent of Original List Price Received decreased 0.2% to 99.3%
- Months Supply of Homes For Sale remained flat at 2.7