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Vipul Goel

Weekly Market Report

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For Week Ending May 9, 2026

2026 has been the strongest spring for new listings since 2022, with listing activity up 8.7% month-over-month and 1.1% year-over-year in April, according to Realtor®.com. Among major metropolitan areas, Virginia Beach had the strongest new listing growth at 23.8% year-over-year, followed by Indianapolis at 21.1% and Louisville at 19.2%.

In the Twin Cities region, for the week ending May 9:

  • New Listings increased 4.5% to 1,751
  • Pending Sales increased 14.2% to 1,242
  • Inventory increased 8.9% to 9,999

For the month of April:

  • Median Sales Price decreased 2.0% to $392,000
  • Days on Market increased 14.0% to 57
  • Percent of Original List Price Received decreased 0.4% to 99.3%
  • Months Supply of Homes For Sale increased 8.3% to 2.6

All comparisons are to 2025

Click here for the full Weekly Market Activity Report. From MAAR Market Data News.

Weekly Market Report

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For Week Ending May 2, 2026

A family earning the U.S. median income of $104,200 needed to spend 34% of its income on the mortgage for a median-priced new home ($405,300) in the fourth quarter of 2025, down from 35% in the third quarter, according to the National Association of Home Builders/Wells Fargo Cost of Housing Index.

In the Twin Cities region, for the week ending May 2:

  • New Listings increased 10.4% to 1,855
  • Pending Sales increased 3.5% to 1,197
  • Inventory increased 8.1% to 9,815

For the month of March:

  • Median Sales Price remained flat at $380,000
  • Days on Market increased 6.8% to 63
  • Percent of Original List Price Received decreased 0.5% to 98.5%
  • Months Supply of Homes For Sale increased 9.1% to 2.4

All comparisons are to 2025

Click here for the full Weekly Market Activity Report. From MAAR Market Data News.

Existing Home Sales

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Mortgage Rates Inch Down

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May 14, 2026

Mortgage rates ticked down this week, averaging 6.36%. While purchase demand is softening, it remains above this time last year. Recent data also shows existing-home sales modestly edging up.

  • The 30-year fixed-rate mortgage averaged 6.36% as of May 14, 2026, slightly down from last week when it averaged 6.37%. A year ago at this time, the 30-year FRM averaged 6.81%.
  • The 15-year fixed-rate mortgage averaged 5.71%, slightly down from last week when it averaged 5.72%. A year ago at this time, the 15-year FRM averaged 5.92%.

Information provided by Freddie Mac.

Solitaire Realty Inc.

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