The number of homes actively for sale increased for the 22nd consecutive month, rising 20.9% year-over-year in August, according to Realtor®.com’s August 2025 Monthly Housing Market Trends Report. At the same time, the national median list price declined 2.2% from the previous month to $429,990, with 20.3% of listings receiving price cuts as sellers responded to changing market conditions.
In the Twin Cities region, for the week ending September 20:
- New Listings decreased 7.5% to 1,354
- Pending Sales increased 9.7% to 981
- Inventory increased 0.8% to 10,704
For the Month of August:
- Median Sales Price increased 2.8% to $399,999
- Days on Market increased 5.0% to 42
- Percent of Original List Price Received remained flat at 98.7%
- Months Supply of Homes For Sale decreased 3.6% to 2.7