The National Association of Realtors® (NAR) forecasts a 14% increase in existing-home sales in 2026, alongside a 5% rise in new-home sales. These gains are being fueled by steady job growth, softening mortgage rates, and improving overall market conditions. Home prices are projected to grow 4% this year, reflecting sustained demand and ongoing inventory constraints.
In the Twin Cities region, for the week ending January 3:
- New Listings decreased 18.9% to 586
- Pending Sales decreased 11.8% to 387
- Inventory decreased 2.6% to 7,683
For the Month of November:
- Median Sales Price increased 2.9% to $387,000
- Days on Market remained flat at 50
- Percent of Original List Price Received decreased 0.2% to 97.4%
- Months Supply of Homes For Sale remained flat at 2.5