U.S. sales of existing homes totaled 4.06 million in 2025, essentially unchanged from 2024, according to data from the National Association of Realtors®. Sales have declined year-over-year since 2022 and have hovered around 4 million annually since 2023, constrained by elevated mortgage rates and high home prices.
In the Twin Cities region, for the week ending January 31:
- New Listings decreased 16.3% to 886
- Pending Sales decreased 15.6% to 591
- Inventory decreased 0.4% to 7,477
For the Month of December:
- Median Sales Price increased 2.7% to $380,000
- Days on Market increased 3.6% to 58
- Percent of Original List Price Received decreased 0.2% to 96.8%
- Months Supply of Homes For Sale decreased 5.0% to 1.9