For Week Ending August 8, 2026
The dog days of summer brought us sluggish buyer volume and stubbornly high prices. The national median sales price reached $434,100 in July—a 2% year-over-year increase—as the ongoing “lock-in effect” kept homeowners with ultra-low pandemic-era mortgages from listing their properties. Existing-home sales dropped 1.7% month-over-month in July to a seasonally adjusted annual pace of 4.06 million units, according to the National Association of Realtors®.
In the Twin Cities region, for the week ending August 8:
- New Listings increased 14.6% to 1,648
- Pending Sales decreased 0.6% to 1,012
- Inventory increased 8.2% to 11,645
For the month of July:
- Median Sales Price increased 3.4% to $408,238
- Days on Market remained flat at 40
- Percent of Original List Price Received decreased 0.2% to 99.1%
- Months Supply of Homes For Sale increased 7.1% to 3.0
All comparisons are to 2025
Click here for the full Weekly Market Activity Report. From MAAR Market Data News.