Existing Home Sales
Archives for September 2026
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending August 29, 2026
Mortgage rates edged higher this week, with the 30-year fixed-rate mortgage averaging 6.71% as of September 3, according to Freddie Mac. This is up from 6.66% the prior week and 6.50% a year ago. Purchase demand has remained relatively stable, indicating steady interest from buyers adapting to evolving market conditions despite rates hovering near multi-year highs.
In the Twin Cities region, for the week ending August 29:
- New Listings increased 15.9% to 1,391
- Pending Sales decreased 5.6% to 908
- Inventory increased 9.6% to 11,947
For the month of July:
- Median Sales Price increased 3.3% to $408,000
- 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.
Mortgage Rates Average 6.71%
September 3, 2026
The 30-year fixed-rate mortgage averaged 6.71% this week. Purchase demand has remained relatively stable indicating steady interest from buyers adapting to evolving market conditions.
- The 30-year fixed-rate mortgage averaged 6.71% as of September 3, 2026, up from last week when it averaged 6.66%. A year ago at this time, the 30-year FRM averaged 6.50%.
- The 15-year fixed-rate mortgage averaged 6.04%, up from last week when it averaged 5.98%. A year ago at this time, the 15-year FRM averaged 5.60%.
Information provided by Freddie Mac.
