A family earning the nation’s median income of $106,800 needed to spend 32% of its income to afford the mortgage payment on a median-priced home in the first quarter of 2026, according to the National Association of Home Builders (NAHB)/Wells Fargo Cost of Housing Index (CHI). That represents a modest improvement from the fourth quarter of 2025, when a family needed to spend 34% of its income on housing.
In the Twin Cities region, for the week ending July 11:
• New Listings decreased 3.8% to 1,818
• Pending Sales increased 0.9% to 965
• Inventory increased 7.1% to 11,119
For the month of June:
• Median Sales Price increased 2.1% to $410,000
• Days on Market increased 7.7% to 42
• Percent of Original List Price Received decreased 0.4% to 99.6%
• Months Supply of Homes For Sale increased 7.4% to 2.9