Bruce Erickson

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Gain from experience

Over fifteen years of real estate experience in Minneapolis ans surrounding communities.

More about Bruce

New Listings and Pending Sales

October 27, 2025 by nimdaerickson

Filed Under: Listings and Pendings

Inventory

October 27, 2025 by nimdaerickson

Filed Under: Inventory

Weekly Market Report

October 27, 2025 by nimdaerickson

For Week Ending October 18, 2025

According to the Federal Housing Finance Agency’s National Mortgage Database (NMDB®), 80.3% of outstanding mortgages in the United States had interest rates of 6% or lower in the second quarter of 2025. Within this group, 9.9% had rates between 5% and 6%, 17.9% between 4% and 5%, 32.1% between 3% and 4%, and 20.4% below 3%.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING OCTOBER 18:

  • New Listings increased 4.8% to 1,300
  • Pending Sales decreased 3.9% to 830
  • Inventory decreased 0.5% to 10,664

FOR THE MONTH OF SEPTEMBER:

  • Median Sales Price increased 2.6% to $390,000
  • Days on Market increased 12.8% to 44
  • Percent of Original List Price Received decreased 0.1% to 98.4%
  • Months Supply of Homes For Sale decreased 3.4% to 2.8

All comparisons are to 2024

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

Filed Under: Inventory

Mortgage Rates Decrease to Lowest Level in Over a Year

October 23, 2025 by nimdaerickson

October 23, 2025
Mortgage rates continued to trend down this week, hitting their lowest level in over a year. At the start of 2025, the 30-year fixed-rate mortgage surpassed 7%, while today it hovers nearly a full percentage point lower. This dynamic has kept refinancings high, accounting for more than half of all mortgage activity for the sixth consecutive week.

Information provided by Freddie Mac.

Filed Under: Interest Rates

Existing Home Sales

October 23, 2025 by nimdaerickson

Filed Under: Existing Home Sales

September Monthly Skinny Video

October 23, 2025 by nimdaerickson

Filed Under: Interest Rates

New Listings and Pending Sales

October 20, 2025 by nimdaerickson

Filed Under: Listings and Pendings

Inventory

October 20, 2025 by nimdaerickson

Filed Under: Inventory

Weekly Market Report

October 20, 2025 by nimdaerickson

For Week Ending October 11, 2025

Rising housing costs have led many young adults to delay moving out of their parents’ homes. According to the 2023 American Community Survey (ACS), 19.2% of adults aged 25 to 34 lived with a parent or parent-in-law in 2023—approximately 8.5 million people. Although down from a peak of 22% in 2017-2018, the share of young adults living with parents remains elevated compared to 2000, when fewer than 12% did so.

IN THE TWIN CITIES REGION, FOR THE WEEK ENDING OCTOBER 11:

  • New Listings decreased 4.3% to 1,343
  • Pending Sales decreased 5.1% to 831
  • Inventory decreased 0.2% to 10,659

FOR THE MONTH OF SEPTEMBER:

  • Median Sales Price increased 2.6% to $390,000
  • Days on Market increased 12.8% to 44
  • Percent of Original List Price Received decreased 0.1% to 98.4%
  • Months Supply of Homes For Sale decreased 3.4% to 2.8

All comparisons are to 2024

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

Filed Under: Inventory

Mortgage Rates Decrease

October 16, 2025 by nimdaerickson

October 16, 2025
Mortgage rates inched down this week and have held relatively steady over the past several weeks. Importantly, homeowners have noticed these consistently lower rates, driving an uptick in refinance activity. Combined with increased housing inventory and slower house price growth, these rates also are creating a more favorable environment for those looking to buy a home.

Information provided by Freddie Mac.

Filed Under: Interest Rates

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